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Legal Advice: What is the best inexpensive way to create a privacy policy and terms and conditions for a website that has a social networking component to it?
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Madhu Singh, Attorney, MBA, Business and Intellectual Property Attorney answered:

Regardless of what you decide to do--just get it reviewed so you feel confident about your terms. Example: I had a client who copy and pasted from a competitor site but did not get it reviewed. Turns out if you needed to contact the site per their terms the contact section still had their competitors name on it! You don't want that to happen. It shouldn't take experienced lawyers more than an hour or two max to help you review--it would be worth the money to rest easy. When it comes to social media and especially if you are crowd sourcing content or curating any photograph there are a lot of IP considerations to work through. Good luck.

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