I hope this is the correct forum. Is there something like a generic template for TOU and Privacy Statement I can alter for my website? I've tried searching for it, but couldn't find anything. Thanks guys!
Google "free privacy policy". Pick one and then edit for your needs. Privacy policy pages are becoming more important to visitors and search engines. It helps differentiate a quality content site from a spam site.
In any way, you may wish to carefully proof-read such templates and, depending upon your business type, also consult a specialized lawyer to have a look at. Just for being sure.