[Consultation] Platform supply agreement legal review

Law firm Veat conducted legal review of platform contracts for the usage of platform sellers (suppliers) upon receiving a referral from data-based platform startup A.

​Law firm Veat reviewed clauses that could become invalid due to being unfairly disadvantageous or unpredictable based on “Act on the Consumer Protection in Fair Transactions” and revised or deleted their specific contents to provide to clients.

Notably, we thoroughly reviewed aspects related to “cancellation of commitment, off-site transactions, and copyright” considering the business model and provided legal opinions regarding potential violations of the “Electronic Financial Transactions Act” and corresponding response measures.

Furthermore, Law firm Veat conducted additional legal review concerning the liability limitations of tele-sales operators and proposed appropriate methods.

The Fair Trade Commission stated that changes to price and service terms should be clearly communicated or agreed upon with clients, as unilaterally applying them unfairly would be considered unfair.

In the case of seller and platform usage contracts, it is difficult for startups to thoroughly examine whether they conflict with relevant laws or if there are unfavorable aspects from the seller’s perspective.

Law firm Veat provides legal ‘consultation/advisory’ services to various startups, and based on diverse platform services and experience in drafting usage agreements, we meticulously examine whether our agreements comply with relevant regulations and provide insight into which items could be positively impacted by additional regulation.

Thank you.
Law firm Veat