Business Setup & Legalintermediate
GDPR
General Data Protection Regulation
Definition
EU/UK law governing how businesses must collect, store, and use personal data. It gives individuals rights over their data and requires businesses to be transparent about data usage.
Why it matters
GDPR violations can result in fines up to 4% of global annual turnover or £17.5 million. Even small businesses must comply with the basics.
Example
GDPR compliance for a small online business: Have a Privacy Policy. Get explicit consent for email marketing. Allow unsubscribes. Don't share customer data with third parties without consent.
Related terms
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