What are Terms and Conditions, Terms of Use, Terms of Service (TOS) and Privacy Policy Agreements and is having them critical to SaaS startup companies and vendors?
Terms and Conditions, Terms of Use, Terms of Service (TOS) and Privacy Policy Agreements are some of the most important legal documents for SaaS startups, vendors, companies to include on their website pages and apps. SaaS, or Software as a Service, startups, vendors and companies provide software applications and services through licensing and subscriptions to customers. Because of this, they need certain protections that a T&C or TOS can offer.
To protect your company from potential legal issues and possible risks from providing software and SaaS services to your customers and users, including an agreement that states your company’s rules and regulations to your customers is an absolute must. This is where a Terms and Conditions agreement comes in.