Refund Policy
Disclaimer
The explanations provided on this page are general information and not detailed information on how to write your own refund policy. This article is not intended as legal advice or a recommendation on necessary actions, as we cannot know in advance the specific refund terms you wish to establish between your business and your customers. We recommend seeking legal advice for clarification and assistance in creating your refund policy.
Refund Policy: Key Aspects
That said, a refund policy is a legally binding document that establishes the legal relationship between you and your customers regarding refunds. Online businesses that sell products are sometimes required (under local laws and regulations) to display a product return and refund policy. In some jurisdictions, this is required to comply with consumer protection laws. It could also help you avoid legal action from customers who are dissatisfied with their products.
What to include in your refund policy
In general, a refund policy often addresses issues such as the time frame for requesting a refund, whether the refund will be full or partial, under what conditions the customer will receive a refund, and much more.