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PayPal’s Terms of Service to change July 1st, 2015
If you haven’t seen this, you should, and you should share this with your friends, family, anyone who used PayPal in connection with a website providing online content.
On July 1st, 2015, Paypal will update it’s TOS agreement to take away any and all intellectual rights to any content you provide online.
If you use Paypal to accept PayPal, they will attempt to take ownership of any online content you add to your business or website. Here is a key excerpt that basically starts: https://www.paypal.com/ie/webapps/mp...ll?locale.x=GB
Source: https://www.cryptocoinsnews.com/bitc...-take-content/
Just thought I should share this with everyone.
Amendment to the PayPal User Agreement.
Intellectual Property
We are adding a new paragraph to section 1.3., which outlines the license and rights that you give to us and the PayPal Group (see paragraph 12 below for the definition of “PayPal Group”) to use content that you post for publication using the Services. A similar paragraph features in the Privacy Policy, which is removed by the addition of this paragraph to the User Agreement. The new paragraph at section 1.3 reads as follows:
“When providing us with content or posting content (in each case for publication, whether on- or off-line) using the Services, you grant the PayPal Group a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, sub-licensable (through multiple tiers) right to exercise any and all copyright, publicity, trademarks, database rights and intellectual property rights you have in the content, in any media known now or in the future. Further, to the fullest extent permitted under applicable law, you waive your moral rights and promise not to assert such rights against the PayPal Group, its sublicensees or assignees. You represent and warrant that none of the following infringe any intellectual property right: your provision of content to us, your posting of content using the Services, and the PayPal Group’s use of such content (including of works derived from it) in connection with the Services.”
If you haven’t seen this, you should, and you should share this with your friends, family, anyone who used PayPal in connection with a website providing online content.
On July 1st, 2015, Paypal will update it’s TOS agreement to take away any and all intellectual rights to any content you provide online.
If you use Paypal to accept PayPal, they will attempt to take ownership of any online content you add to your business or website. Here is a key excerpt that basically starts: https://www.paypal.com/ie/webapps/mp...ll?locale.x=GB
Source: https://www.cryptocoinsnews.com/bitc...-take-content/
Just thought I should share this with everyone.
Amendment to the PayPal User Agreement.
Intellectual Property
We are adding a new paragraph to section 1.3., which outlines the license and rights that you give to us and the PayPal Group (see paragraph 12 below for the definition of “PayPal Group”) to use content that you post for publication using the Services. A similar paragraph features in the Privacy Policy, which is removed by the addition of this paragraph to the User Agreement. The new paragraph at section 1.3 reads as follows:
“When providing us with content or posting content (in each case for publication, whether on- or off-line) using the Services, you grant the PayPal Group a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, sub-licensable (through multiple tiers) right to exercise any and all copyright, publicity, trademarks, database rights and intellectual property rights you have in the content, in any media known now or in the future. Further, to the fullest extent permitted under applicable law, you waive your moral rights and promise not to assert such rights against the PayPal Group, its sublicensees or assignees. You represent and warrant that none of the following infringe any intellectual property right: your provision of content to us, your posting of content using the Services, and the PayPal Group’s use of such content (including of works derived from it) in connection with the Services.”
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