oboloo Glossary

Boilerplate Terms Of Service

oboloo Glossary

Boilerplate Terms Of Service

Boilerplate Terms of Service (also known as standard Terms of Service) are basic, unchanging contractual clauses that provide the foundations for a business relationship. They typically outline the scope of services and associated costs, as well as other legal responsibilities such as confidentiality, indemnification, dispute resolution, termination and liability. Regardless of whose product or service you are offering, it is important to ensure your Boilerplate Terms of Service accurately reflect the nature of the business relationship you have with your customers. Whether you are selling a product or providing a service, taking care to draft comprehensive and legally enforceable Boilerplate Terms of Service will minimize complications down the road and help provide clarity and security for both parties involved.