As we all are living in an era of technology. Businesses are using technology for improving and increasing their growth. All businesses are trying to digitize their work so for this purpose they showcase their work and services on the website.
Looking from the legal aspects, online terms of use is not as such required. But in order to protect yourself, you should let the users know that what are the exact terms of use.
You should clearly specify what your users are allowed to do on your website and for what they are restricted to. The specification of the privileges will prevent you from many dangers.