I don’t want to get all copyright-lawyerish here* but Chall quotes the section from the Terms which asserts VerticalScope’s own claims and limitations of use over their
corporate copyright material. It would be a novel interpretation to have this clause apply to the content provided by users, although I suppose this could be one interpretation.
(*I’m not a copyright lawyer, but I have spend decades dealing with copyright issues, most particularly here in Canada where VS is located).
The far more critical clause which users should understand
is the grant of rights we agree to give to VerticalScope. It is a very wide grant, which basically means they can do whatever they want with any material users post here, with no obligation (financial or otherwise — with the exception of the protection of moral rights) to the users.
It is not a copyright transfer, however, and the user retains the same rights. So while the license is broad, it is does not mean they own our material.
You agree to grant to SAILNET.COM a non exclusive, royalty free, worldwide, irrevocable, perpetual license to reproduce, distribute, transmit, sublicense, create derivative works of, publicly display, publish and perform any materials and other information you submit to any public areas, chat rooms, bulletin boards, newsgroups or forums of SAILNET.COM or which you provide by email or any other means to SAILNET.COM and in any media now known or hereafter developed. Further, you grant to SAILNET.COM the right to use your name and or user name in connection with the submitted materials and other information as well as in connection with all advertising, marketing and promotional material related thereto, together with use on any other VerticalScope Inc. web sites. You agree that you shall have no recourse against VerticalScope Inc. for any alleged or actual infringement or misappropriation of any proprietary right in your communications to SAILNET.COM.
So again, without trying to make a big deal out of all this, I ask: Why is this change being made?
Is there something VS is planning which expands their contemplated uses of our submitted material? Or is it b/c mods have run into problems with users altering their posts and then disputing things? These are the reasons that come to mind, but there could be others (which is why I ask the question).