Am currently crafting my multi-site/buddypress business model and now considering the legal issues.
What I'm planning to do is follow the Edu-blogs business model of 3 levels of membership.
2. Pro (themes and ad sharing)
3. Campus (multiple blogs per user & domain mapping)
What I am wondering though, is what are the legal ramifications of hosting all that content?
If there is a hosting/data problem, could I be on the hook for big money?
If so, is there any legal-speak you could refer me to that I could get users to agree to?