Many entering into the world of dropshipping are doing so on a ver tight limited budget and one area woefully neglected is the terms and conditions of which the site operates.
The T&C's are what legally binds the same of your product between you and your customer, your business is individual so must your terms be
Some areas with the major issues
1) Failing to define the company properly, if your name is Joe Smith and your site is called smithzones then if you are a sole trader your company should be defined as Joe Smith T/A Smithzones, if you are a partnership then this should be clearly laid out and if a limited company you company number and registered name and address must be shown
2) Failing to realise the differences between B2B and B2C type companies, having seen dropshipee's copying terms from their suppliers and thinking this will be adequate, it is not as consumer law applies to the sales dropshipee's make but not the sale from the dropshipper to the dropshipee.
3) Using terms copied from another site in its entirety one it may be breaching copyright secondly the terms fro your products may be different from that of where you copied
4) Failing to structure the checkout process properly opening yourself up to claims because you got something wrong
See
http://www.out-law.com/page-60795) Make sure your client is tied into your terms and conditions before payment is made.
6) There is such things as unfair contracts so you need to ensure your terms are not breaching any statutory rights
Please ensure you have your terms set out properly - ironically enough this does not need to cost just gain a little knowledge of how to structure the terms and protect yourself as well as your client.
One last part - understand your own terms those copying terms rarely understand that this forms a binding contract that you can be legally held to as can the client
<Disclaimer> I am not a lawyer and the above post is created out of experience not legal qualification.