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Paypal to own all intellectual content with new policy update

Discussion in 'BlackHat Lounge' started by b1step-ahead, Apr 25, 2015.

  1. b1step-ahead

    b1step-ahead Power Member

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    This is kind of messed up. https://www.paypal.com/ie/webapps/mpp/ua/upcoming-policies-full

    Amendment to the PayPal User Agreement.
    1. Intellectual Propert

    Use control f or the search phrase [ When providing us with content ] when your on the page. It looks like pp will own any intellectual property if you use pp to purchase it or whatever. I don't use pp as much as I use to and I prob will use it less.
     
    Last edited: Apr 25, 2015
  2. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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  3. AutomationSorcerer

    AutomationSorcerer Registered Member

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    That's a clause so they can cover their a**. Basically when you use a custom image for your paypal button, you can't turn around and sue them for copyright/trademark infringement for hosting the button with -your- image.

    Pretty standard stuff. Reading legal agreements needs to be a mandatory high school course, I swear. I had to spend 30 minutes once translating a 40 page company operating agreement into layman's terms.

    Had some funny ones though. Non-disparaging clause was a paragraph long, I summarized it as "Don't talk s*** about the LLC". Also had to explain the difference between members, managers and directors... which was.... funny.

    Members are owners, managers are like board members, and directors are highest level managers. Makes perfect sense right?
     
  4. b1step-ahead

    b1step-ahead Power Member

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    I could be wrong, but the way I read it was, if you use pp to buy content, or purchase a website, or any of other stuff we use pp, that they have a right to own the content? I get the posts you do on pp, but is that even possible for them to have a stake in the intellectual content you buy using pp. That's what freaks me out a little.
     
  5. AutomationSorcerer

    AutomationSorcerer Registered Member

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    I can almost guarantee you that is not the case.

    Might even fall under unconscionable contract thus making it unenforceable if that were the case.

    Either way, don't stress over it :p
     
  6. tonybao

    tonybao Power Member Premium Member

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    Thank you for your information
     
  7. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    The TOS was about providing paypal with content, when your sending money over paypal your not providing any content.
     
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  8. bretonel

    bretonel Junior Member

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    I heard there was a startup that did just this: you upload the 'legalese' document to their servers and then they'll email you back with the terms in the contract in plain english.