I did not realize that creating your website wherein you intend to get contributions from people could be a little complicated. I was about to release it when I realized I don't even have a Terms of Service, nor a Privacy Policy.
Where do you get those anyway? Is it something you make up? Do I need to hire a lawyer (omg) for this?
After googling a while, I came across Wordpress' Terms of Service which they have shared with us. I also saw Automattic's Privacy Policy. I reckon I need to tweak this more but at least, this would be a good start.