There's not great place to post this, so I'm trying here. One of the membership options I'm offering through aMember is a "Lifetime Membership." Does anyone know the U.S. laws surrounding this? If I sell a "Lifetime Membership" and my company (God-forbid) ceases to exist in X years, am I still liable in some way to fulfill that membership? Guess the same could apply to selling a one-year membership then going out of business 1 month later. Does anyone know of a trustworthy source on this issue? How have others handled this? Thanks.
Don't know the legalities... I'm not a lawyer, so I don't know the legal mumbo-jumbo to protect yourself, but for my own site, I have: "Lifetime Membership - You make a one-time payment and gain access to the site for as long as it exists." And as an added caveat at the bottom of the page: "The "lifetime" is the life of the site, not the member. If the site ceases to exist or "goes out of business," the lifetime membership has been fulfilled." Legally, I don't know if this is enough to cover my a$$, but I think it is. It defines "lifetime" pretty clearly and also states the position of the site on the subject, so no one can later claim they didn't know what I meant. I think it would only be if I cancelled memberships and the site was still active that I would be in breach of contract. Hope this helps, Kodi