Privacy policy & terms of service are mandatory when you set a Stripe account or apply for Google Oauth constent screen, or any other OAuth provider that is supported (TWitter, Apple, Microsoft,Github).
CodePilot boilerplate includes ChatGPT prompts to help you generate these boring documents in minutes
Go the the /app/tos/page.tsx & /app/privacy-policy/page.tsx files in the repo inside the web root folder to get the prompts. Add your business details, prompt ChatGPT, and you're up & running!