This template is for entrepreneurs who have a website up and running, especially if you open an online shop on your site.
There are several federal, state and international regulations that govern privacy policies, depending on where you sell your products/services.
In the United States, the Federal Trade Commission protects consumers by stopping unfair, deceptive or fraudulent practices in the marketplace. They conduct investigations, sue companies and people that violate the law, develop rules to ensure a vibrant marketplace, and educate consumers and businesses about their rights and responsibilities.
Not only do these laws and regulations have strict laws on data protection and compliance requirements, they also have steep penalties ranging in the thousands to hundreds of thousands of dollars.