I made our Terms of Service reusable under a creative commons license: http://www.opendns.com/terms/ http://www.opendns.com/terms/ Our Privacy Policy is more s

I made our Terms of Service reusable under a creative commons license: http://www.opendns.com/terms/ http://www.opendns.com/terms/ Our Privacy Policy is more specific, but you can rip from it as long as you make it read as if it's yours, clear it is not ours, and it has no reference to OpenDNS: http://www.opendns.com/privacy/ http://www.opendns.com/privacy/ Very expensive valley/startup-savvy lawyers have reviewed both many times over. :-) But to answer your question, NO. Don't spend the money. This decision is always about the right thing for the right time. This does not matter right now. Seriously. You are not big and nobody will sue you. Ignore any other advice. Later, you can spend the money to redo it. That said, make sure YOU understand your privacy policy and ToS. Make sure you think it covers how you'll look and use the customer data. Then make sure you abide by what it says and change it if you need to.