Are there any well known service policy descriptions that cover various aspects of services like privacy, eula etc?<p>Well known named licenses like Apache, GPL, BSD etc. have helped in quick identification of how a software can be used, distributed etc. Pervasiveness of such licenses makes it easy for individuals and organizations to define a policy on what licenses are acceptable to them. Having named service policy descriptions would provide a similar benefit in the service/SaaS world as well.