I am buidling a website that in part, will act as a middleman/shopping cart to HOLD event attendee funds, to be later reimbursed to the event organizer upon the events start. This puts the site in a position of a temporary "bank". As well, despite verification efforts of event organizers that require upfront fees, I can not guarantee or guard 100% against fraud. So I am wondering what legal wording might be used to limit my site's liabilities in these matters (as a bank, and being potentially responsible for organizer fraud)
Thank you in advance
1 Answer from Attorneys
The site needs to have specific terms of service that address these concerns + likely a clickwrap agreement for event organizers when they sign up for an account with you. As a tech attorney this is something that I can help you with. I wrote many such polices in the past, so the cost of drafting is very reasonable.
Feel free to contact my office at your earliest convenience.
Roman R. Fichman, Esq.
www.TheLegalist.com │ @TheLegalist
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