posted on Apr, 24 2015 @ 04:11 PM
Can someone with a better understanding tell me what this means?
Granted the source is Prison Planet.. the only other sources are only stating that EBay and PayPal are becoming 2 separate entities.
So in a nutshell. What I get is PayPal will have the Copyright to ownership and intellectual of anyone who uses the service.
“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, sublicensable (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.”
Got me thinking because ATS uses this service. So does ATS now belong to PayPal? Anyone who contributed to ATS's funds.... does the work contributed
to good threads now belong to PayPal.
I'm probably over thinking it.
Can anyone else verify the legitimacy of this?
edit on 24-4-2015 by Bigburgh because: (no reason given)
edit on 24-4-2015 by Bigburgh because: (no reason