Conversation with hosting sponsor phase 2

I've spoken with David from HostMySite again. I've presented him with the discussion the group is leading based on initial inquiry: http://groups.drupal.org/node/14196 . He is fully aware of our concerns and requests. He will be sending us (/me) a contract which i will post here for review.

Short summary of most important questions posed at http://groups.drupal.org/node/14196 :
1) ownership? : We retain full ownership of all content we upload to the server. If any member of the group is worried regarding content ownership still, you are free(and very much encouraged) to cross post your content on other sites such as blip.tv, youtube.com, archive.org, etc. I will be doing so, you should as well.
2) Length of guaranteed service: David said that we may have indefinite service length (ha?) but on a more realistic note he said their standard is 1 year guaranteed. We have much breathing room.
3) Data backup/restore: they take daily incremental backup. weekly full server backup. we have Full support, the same kind any other paid member would get. again, we will cross post our content on many free services to ensure our content never gets destroyed.

These are all the most important questions that i have answers to. more answers will come when we see the contract.

I will personaly take the initial responsibility for this and in due time will find trustworthy individuals that will be granted full access information to the server to ensure i am not the only person in charge of this which will ensure continued existence of this resource for our group. For the skeptics: I am personally taking the initiative to do this by myself, for the group; Don't like it dont use it policy applies.