There are several legal aspects to be considered to ensure that a website runs legally and securely, and that best interests of the business are served. From my experienceone needs to have is very diligently drafted legal documentation on your website. Your website shall have all the required disclaimers of regulating Acts and/or agencies, and in the right format.
The legal documentation for every website is specific depending on particular governing law and functionality. Mere copy paste of legal documentation can be a vulnerable threat to your web based business. You should also include clauses which most of them ignore like Notification Changes, Refund Policy etc.
You can feel free to reach me for any drafting and its queries without slightest of hesitation.
My contact no is 9043175247
Naiju Mathew
IPR Lawyer