In this instance at least the regulatory process is simple though
Say what you mean, mean what you say.
We can maybe have some nuance over lifetime being the lifetime of the consumer buying it vs the lifetime of the company although that has to be carefully worded to prevent situations like this. But it’s probably somewhat fair that if your company completely fails the product is done. This should be clear that the company has to completely fail, not a “apple sells lifetime subscription and decides the product isn’t viable so they kill it” situation or “subsidiary company of google fails and google could easily partially refund the lifetime subscription fees as the parent company” situation
But I would argue it’s not as much about legal complexity here but about regulatory capture. There are really two forces on this issue: businesses looking to keep a lack of regulation and continue utilization of vague misleading language, and consumers that would benefit from regulation against said language.
The businesses are aligned, obviously have vast resources, can influence propaganda on the matter, and can lobby lawmakers directly.
The consumers are fragmented because of the propaganda and a lack of education on the issue, they don’t have strong representation among lawmakers, they don’t have resources, etc. they are scattered unless someone decides this specific issue is annoying enough to get up in arms about and make some kind of action network over, gathering people and support. While it is a serious problem there are just so many serious problems facing consumers and Americans right now, so why focus on this?
In this instance at least the regulatory process is simple though
Say what you mean, mean what you say.
We can maybe have some nuance over lifetime being the lifetime of the consumer buying it vs the lifetime of the company although that has to be carefully worded to prevent situations like this. But it’s probably somewhat fair that if your company completely fails the product is done. This should be clear that the company has to completely fail, not a “apple sells lifetime subscription and decides the product isn’t viable so they kill it” situation or “subsidiary company of google fails and google could easily partially refund the lifetime subscription fees as the parent company” situation
But I would argue it’s not as much about legal complexity here but about regulatory capture. There are really two forces on this issue: businesses looking to keep a lack of regulation and continue utilization of vague misleading language, and consumers that would benefit from regulation against said language.
The businesses are aligned, obviously have vast resources, can influence propaganda on the matter, and can lobby lawmakers directly.
The consumers are fragmented because of the propaganda and a lack of education on the issue, they don’t have strong representation among lawmakers, they don’t have resources, etc. they are scattered unless someone decides this specific issue is annoying enough to get up in arms about and make some kind of action network over, gathering people and support. While it is a serious problem there are just so many serious problems facing consumers and Americans right now, so why focus on this?
And thus, our regulatory bodies yet again fail us