Terms & Conditions / Terms of Service
The legal agreement setting the rules for using a product or service.
T&Cs (or ToS) define the contract between a company and its users — rights, responsibilities, liability limits, payment terms and acceptable use. Clear, enforceable terms protect the business and are expected by customers and investors alike.
Examples
A SaaS startup publishes T&Cs and a privacy policy at launch. — Terms are updated as the product adds features.
How it relates to The Startup Foundry
Proper legal foundations support due diligence and signal a well-run company to investors.