Our 2020 TermsFeed Review
Our 2020 TermsFeed Review
Welcome to the most up-to-date Termsfeed review online (January 2020). The vast majority of online reviews for this service DO NOT include the essential details, and the pricing figures are inaccurate. So we decided to make our own based on our experience with the service.
We’ve put the legal agreements and policy generator to the test with real legal professionals to find out if it’s ACTUALLY ENOUGH to protect your business. Each of Termfeed’s services is evaluated for quality, compliance, and relevance and includes accurate pricing details.
TermsFeed is the web’s most popular generator of legal policy documents for online business.
Instead of paying thousands of dollars to a law firm for a simple policy, you choose the document you want, answer a few simple questions, and pay a small fee. You’ll have your personalized document in a matter of minutes. If the quality holds, Termsfeed is a gamechanger.
First, Do You Even Need It?
Need It If You:
- Collect email addresses
- Use geolocation (GPS)
- Sell products or services
- Users can create an account
- If users can publish content
- Copyright infringement notices
Be advised; these legal agreements are almost certainly required BY LAW regardless of where you reside.
How Does TermsFeed Work?
TermsFeed auto-generates your documents based on your answers to questions regarding your business. It’s quite simple.
Just click Generate Agreement and choose from the dropdown menu.
Next, TermsFeed makes you fill out a questionnaire about the nature of your services. For example, whether or not you collect email addresses or ask for location data.
Then, you add in extra clauses you need (EX: GDPR compliance), and that’s it. TermsFeed even takes into account your state/province to ensure you’re compliant with local law.
After you’re finished answering the questions, Termsfeed emails your personalized agreement. If you want, you may also download it as a:
Bonus: TermsFeed constantly monitors the legal landscape. If the law changes, you are INSTANTLY notified with the required updates. You don’t get that with a real-world lawyer.
I thought you needed a lawyer for all of this. Is TermsFeed legitimate?
Yes, TermsFeed is 100% legitimate. They have hundreds of satisfied customers and plenty of 4.9+-star reviews. They also are active on Twitter, Facebook, and YouTube, and have a loyal following of customers that swear by the tool’s ease of use and pricing.
Of course, no online service is ever a substitute for certified legal counsel. If you’re a large company with intricate inner workings and hundreds of employees, we advise you to use a real legal expert. NOT an online tool.
What Services do They Offer?
TermsFeed offers the following legal documents:
Throughout our Termsfeed review, we tested the process and product for each and collected feedback from professionals and customers of TermsFeed. Our results surprised even us.
No online policy generator is ever a substitute for real legal counsel. However, as far as online generators go, TermsFeed is unrivaled. There are just a few things you need to be warned about, which are mentioned in our Termsfeed review. Here’s what you need to know:
Pricing – How Much Does TermsFeed Cost?
TermsFeed is growing in popularity due to its unique “a la carte” pricing. Unlike nearly all of its competitors, TermsFeed DOES NOT CHARGE RECURRING FEES. That means you pay once, and your document is yours in perpetuity with 0 extra charges.
However, the drawback is that it’s nearly impossible to pinpoint precisely how much TermsFeed costs since each document is different depending on what you need. Don’t worry, we’ve done all of the work for you below.
The price of your agreement changes based on several factors. Are you a business or an individual? Do you need to be GDPR Compliant? Do you sell physical products or services?
This may seem confusing at first, but it’s a significant benefit for your business – you only pay for the policies and agreements that you need. Nothing more. Most other services offer only a few different types of documents, forcing their customers to pay for clauses they don’t need.
So how much would a typical document cost?
A general price range is anywhere from $100 and below. As you’ll see, some documents are so simple that they cost less than $20. Some are complex enough to cost upwards for $90. Again, it comes down to the clauses you need.
WARNING – TermsFeed Free Templates
TermsFeed does offer free agreements. However, these rarely ever include the clauses necessary to protect your business. To put it bluntly, they are practically worthless. This is your business, invest in protecting your hard work by getting a premium agreement.
Our Reviewing Process
We generated a sample for each of the following services and reviewed it in terms of price, quality, comprehensiveness, and compliance. Keep in mind that your results and pricing may vary.
TermsFeed Terms & Conditions
Terms and conditions, also known as terms of service, are the legal agreements between a service provider and a person who wants to use that service. In other words, the terms and conditions should state the regulations a person must agree to abide by to use the service offered.
An end-user license agreement (EULA) is a legal contract entered into between a software developer or vendor and the user of the software, often where the user has purchased the software from an intermediary such as a retailer. An EULA specifies in detail the rights and restrictions which apply to the use of the software.
TermsFeed Return Policy
Return policies are the rules retail merchants establish to manage how customers return or exchange unwanted or defective merchandise that they have purchased. Return policies should be concise and clear. The customer should be aware of the terms.
TermsFeed Cookies Policy
Cookies are a small text file created by a website that is stored locally to provide a way for the site to recognize you and keep track of your preferences. This type of policy should not present many issues. Cookies Policies are generally short and very straightforward, or at least they should be.
TermsFeed Disclaimer Generation
A disclaimer is a statement designed to stipulate or delimit the extent of responsibilities and benefits that may be exercised and executed by parties in a legal relationship. Termsfeed should be able to generate a template based on the information provided. However, considering disclaimers can vary greatly, we didn’t expect them to perform all that well.
As mentioned before, we were consistently surprised at the quality of each document. We highly recommend TermsFeed…with a few caveats. Let’s cover each in detail.
TermsFeed is known primarily for its high-quality and comprehensive privacy policies. And while they aren’t for everyone, their documents should suffice for nearly any online company, app, or website.
We generated a sample policy for a California-based website where customers were able to pay on-site for products. We also ensured it was both CalOPPA and GDPR compliant.
The final price came to $70. If this seems high, remember that this one document protects your entire business in perpetuity. This is a minimal amount to pay.
Here’s a sample policy from a TermsFeed customer: SipBySwell
Terms And Conditions
Third-party apps, companies, or extensions almost always require your business to have terms and conditions. This legal agreement will protect you from potentially disastrous liability, and TermsFeed makes it so easy that there’s no reason not to have one.
We generated a fully comprehensive document in 4 simple steps, and it covered all of the significant clauses:
- For selling products/subscriptions
- For offering user accounts
- User-published content
- A clause stating we own the content and trademarks
And even with all of those clauses, it came to only $72.
For a document that covers all of the major bases, protects us from liability, and clearly states that we own all content, $72 is very reasonable. And it took only three easy steps.
Bonus: TermsFeed makes it easy to update your policy whenever you need to. Most services make this next to impossible by storing your doc on one of their cloud servers. With TermsFeed, you “physically” have the document yourself, meaning you can add clauses in any time you please (this is actually a bigger deal than you may think, changes can be needed when you add new services).
Sample terms and conditions: Lewes FC 2000 Terms & Conditions
If you offer software for download, an end-user license agreement (EULA) protects you from liability. For example, if your software somehow damages the user’s computer or compromises their data. This document also should define the licenses and restrictions regarding your software.
Our sample EULA for a mobile app was nearly flawless. We were able to add necessary clauses intuitively. For example:
- Exclusive intellectual property
- Application updates
- Data privacy clauses
- Limited liability
However, the downside is it is quite “expensive’ for this agreement (Our sample company is based in California). The final cost came to $81.
Sample: App2Day EULA
However, you should note that we included nearly every clause to demonstrate the extent of TermsFeed’s EULA generator. There’s a good chance you could save $30 or more by excluding unnecessary clauses from your agreement or if you are based elsewhere.
We give the cookies consent generator 4 out of 5 stars. It’s excellent, especially compared to competitors, but your policy won’t be very personalized. That could be a good thing, though, since lack of options means you can complete the process in less than one minute.
We generated our sample policy for a website that allows users to create an account in less than a minute, and it only costs $17!
Sample: Coreso Cookies Policy
TermsFeed’s disclaimer generator is a simple, effective solution that’s easy enough for anyone to read with 0 legal experience, but powerful enough to warn and indemnify. Simply put, TermsFeed’s disclaimer is plenty to protect your business from liability, especially for:
- Website disclaimers
- Health disclaimers
- Copyright disclaimers
We generated a fully comprehensive legal disclaimer for an Amazon Affiliate business in 30 seconds, and it only cost $13!
Sample: The Legality’s Disclaimer
60% of customers review the return and refund policy of an online store before making a purchase! Fostering the trust of new customers is an affordable, simple way to reduce cart abandonment.
TermsFeed’s return policy generator created a clear, simple document with understandable phrases for the end-user. The document covered the major clauses in a manner that protected our business, but still gained the trust of the customer.
However, based on our review, you should use your TermsFeed policy ONLY AS THE FOUNDATION of your return policy. The document is not all-encompassing. It’s best to purchase a policy, then add clauses yourself unique to your business. If you’re only a small eCom shop, it’ll be plenty in the beginning.
Our sample 30-day return policy for a physical product store came to $43.
Sample: Bambu Return & Refund Policy
Q: How much does TermsFeed cost?
A: It is impossible to say the price precisely since it depends on a myriad of factors. In general, pricing ranges from $13 – $80.
Q: Is TermsFeed legit?
A: Yes, 100%. It is not a substitute for real legal advice, but it’s a perfectly fine service for basic legal agreements for online businesses.
A: Yes, you may. However, it is highly recommended that you either pay a professional or use a service like TermsFeed. If you don’t include the correct language, your business may be found liable.
Q: How long does it take to set it up?
A: It depends on the type of policy that you choose, but most of the processes are under 10 minutes.
Q: Are free templates good enough for my business?
A: No. The free templates aren’t terrible, but when it comes to protecting your business, you shouldn’t take a chance.
Updated: January 12, 2020
Written by Smash.vc
We invest in profit-focused lifestyle businesses. Also memes, lots of memes.
We take minority ownership positions in "lifestyle businesses".
We're not VC's, but partners for the longterm.