Starting an Online Business / CLE Webinar - Privacy Statements, Part 2

Starting an Online Business / CLE Webinar - Privacy Statements, Part 2

By Paul D. McGrady, Jr., Shareholder, Greenberg Traurig / Author, McGrady on Domain Names

I get this question a lot - why should I put the privacy statement in place?  I don't have any customers, is that something that I can defer?  Well if you don't have a privacy statement in place, the presumption is going to be that the consumer is going to be protected to the fullest extent of the law.  Also, not having disclosure in place violates the law in some jurisdictions. 

But, more importantly what you don't want to do is to have no privacy statement in place and then six months into it, when you have a group of customers, put one in place.  Then you have two sets of data - one that you can handle one way and one you can handle another way.  And it's nearly impossible to get those two sets of data merged back together and that's where you run into compliance issues.

You may or may not want to go out and grab another company's privacy statement because that may not be the jurisdiction that you're in. They may have a more restrictive law instead of the happier law that your state may have.  So, it's just not something you can go out and block and copy and hope for the best.

To learn more, join me for a complimentary CLE Credited LexisNexis® Webinar: Starting an Online Business - Best Practices, on June 14, 2011, at 2 p.m. Eastern time.  To learn more about the webinar or register, click here http://www.eventsvc.com/LexisNexis_HB.

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