[Consultation] Legal consultation for revising service terms and conditions of IT companies

A, an IT company providing online manufacturing technology services, requested a legal review of concerning clauses while revising its terms of service.

Terms of service are content prepared by one party to a contract in advance in order to enter into a contract with a number of counterparties. They may be subject to stricter standards for businesses than general contracts entered into individually by parties.

Veat thoroughly reviewed relevant laws and regulations such as the “Act on Consumer Protection in Electronic Commerce, etc.,” the “Civil Act,” and the “Act on Regulation of Standard Contract Terms,” and provided legal advice regarding ▲ clauses restricting cancellations, ▲ clauses regarding the cancellation of contracts by minors, ▲ clauses regarding the company’s limitation of liability, etc.

Recently, the Korea Fair Trade Commission (KFTC) has recommended that domestic and foreign online businesses correct 10 types of unfair clauses in their terms of service. As the trend increases where companies are prosecuted by the prosecution for failing to comply with the KFTC's corrective orders or proceed with administrative lawsuits, companies are realizing the need to conduct professional legal reviews in advance.

Law firm Veat has experience providing legal advice regarding the revision and review of terms of service for numerous startups and companies.. We provide professional advice regarding the overall terms of service and are available to provide specialized advice and provide specialized advice and legal advice. If you need legal advice regarding the revision and review of terms of service, please contact Law firm Veat.

Thank you.

Law firm Veat

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