As mentioned above, a privacy policy is a legal requirement for all websites that collect personal information from their users. A privacy policy is a document that is designed to make sure that all users are aware of the rules regarding the collection, retention, sharing and use of any personal information. Generate yours for free right now with Zyro’s Privacy Policy Generator. A terms and conditions agreement lays out the rules and requirements that website users must agree with to use your services. It is not a legal requirement.