Under the heading â€œIntellectual Property,â€ PayPal announces that it is introducing a new paragraph to its UK User Agreement, effective July 1, 2015, that will allow the company to â€œuse content that you post for publication using the Servicesâ€. As of today (4/24/2015) no similar update has been made on the US User Agreement update page.
â€œWhen 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 Groupâ€™s use of such content (including of works derived from it) in connection with the Services.â€