Online trading is booming, as it requires less effort compared to offline trading. No sales area, only a few employees and a service provider for shipping and payment processing are required. However, it is more complicated than it seems.
Due to the strong competition in this sector, online businesses must be aware of the fact that competitors may assess your business activities. The implementation of requirements under telemedia law, privacy law and competition law is in the focus. Legal and compliance insecurities will lead to risks of warning letters and, thus, financial losses.
MORGENSTERN assists many online shops and companies providing its services via third-party platforms, such as eBay or Amazon. Due to the constantly changing legal situation and regular additional obligations affecting consumer rights, it is important to constantly review and adapt the drafting of offers. In particular, focus is on drafting general terms and conditions, privacy policies and the integration of various information.