Typically, the two links I am talking about are located on the bottom of your page, like shown in the screen shot below.
Now, just to prove the point, I will give you a couple of examples. First of all, know this. The title you give to your portal will be used throughout both pages. In many cases, the choice of your portal name may make these pages hard to read.
Let’s begin with the Privacy Statement. There are many things there that we can take for granted. But ask yourself this? Does your website accept or store credit card numbers? Will it in the future? Possibly. But if you aren’t going to ever accept or store credit card numbers, then this statement could be changed or even removed.
If you indeed do allow your visitors to submit their credit card information, you should probably change this statement. However, most of us out there also accept payment through services such as PayPal. In these cases, it should at least be mentioned. There is a level of legal abstraction and responsibility that you could and should include here.
If you are living outside of the United States, you should be even more concerned than I am.
If you feel that you need to change anything in either of them (which I am sure you do now), you can do so by logging into your website using an Administrator account. Go into your Languages page and change the values in the GlobalResources localization file, using the Language Editor. The values you want to edit are MESSAGE_PORTAL_PRIVACY.Text and MESSAGE_PORTAL_TERMS.Text, respectively.
Of course, if you want to change these values for the entire site, you can do the same thing using a Host account, but making sure you’re in “Host” mode as shown below.