224: Cover Your Assets Online: Avoid Common Legal Traps and Pitfalls with Lin Eleoff

Lin Eleoff from CoverYourAssetsOnline.com and DIYLegalToolkit.com wants to help you take care of your “baby” (your online business). Many business owners do not properly protect their intellectual property. Many are missing proper website legal documents and use images in such a way that could open them up to lawsuits. Lin keeps things simple for us and explains what we need to do and what to avoid (legally) with our websites.

Quotes:                                                                                                                                   

“If we choose to start our own business, we must embrace the responsibility that comes with it. There is so much good in owning a business, but, much like raising a child, it requires care, attention, and commitment.” – Lin Eleoff

“If you’re not growing, your business won’t grow. So taking responsibility is part of that growing process.” – Lin Eleoff

“The biggest problem is we don’t know what we don’t know until someone tells us about it.” – Lin Eleoff

Takeaways:

04:30 Entrepreneurs must take responsibility for their business’s legal protection, treating it like a growing child that needs careful attention.

16:15 Using random images from Google Image Search can lead to expensive legal troubles, so always verify image usage rights.

19:13 When receiving a scary legal letter, don’t panic and pay immediately; investigate the claim’s legitimacy and seek proper verification.

20:19 Preparing legal documents yourself can save significant lawyer fees by doing initial groundwork before professional consultation.

25:41 Internet law is a complex, evolving field that most traditional lawyers might not fully understand, requiring specialized knowledge.

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Filed in: Archive 1: 2012-2016 • Interview • Podcast