[Consulting] Comprehensive Consulting on Amendment of Terms of Use]

Law firm Veat provided comprehensive legal counsel to A, a social platform company, in response to their request regarding the terms of service.

A, a social platform company, is expanding its business including the addition of new paid payment services, and requested legal counsel from Law firm Veat concerning the revision of the terms of service.

Accordingly, Law firm Veat drafted revised terms of service considering the “Act on the Consumer Protection in Internet Transactions” (hereinafter referred to as “Terms Act”) and included ▲Refund regulations for partial use in cases of simple regret of cyber money, and ▲dormant member conversion regulations, and provided guidance on Method of notification when revising the terms of service as per Consumer Protection in Internet Transactions III. 4th paragraph (sub clause) on Method of notification when revising the terms of service.

Law firm Veat provides comprehensive consulting on terms of service related matters including drafting appropriate terms of service for your company, notification and guidance methods regarding revised terms of service, etc.

If you need comprehensive legal advice related to terms of service such as revising terms of service, modifying terms of service, drafting terms of service, and notification methods thereof, please contact Law firm Veat.

Thank you.