Episode 25 All About Running a Membership Program: Website Must Haves, Contract Essentials & Taxation

Episode Summary: 

Do you have a membership program or plan to start one soon? Here is everything you need to keep in mind to avoid legal pitfalls.

Main Takeaways:

Ensure that your membership website has information on:

1. How It Works

2. What It Entails

3. Who It’s For

4. Expected Deliverables

5. Refund Policy

6. Terms & Conditions

7. Privacy Policy

• Elements of a Membership Contract:

1. The Term of the Membership

2. Renewal Policy

3. Cost of the Membership

4. Fee Schedule

5. Membership Deliverables

6. Member Expectations

7. Termination Clause

8. Intellectual Property Ownership

9. Refund Policy

10. Notice Provision

11. Assignment & Transferability

12. Disclaimers & Disclosures

• Your membership agreement should have a clause that allows you to terminate the contract in case a certain member is not in alignment with the general expectations of the membership program.

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Watch the episode on YouTube: https://youtu.be/bdPMX6zMjEs