The Microsoft EULA in plain English
I’m one of those people who enjoys reading those long shrink wraped licenses that come with hardware and software. The word Ergo, just simply warms my heart. However, there are some people that just don’t like getting tied up in that multipage legally binding agreement.
Over on this site they translated the legalese into something the common person can understand. (I checked, there is no stipulation about Microsoft owning your first born, however your Kidney might be fair game)
You agree that at any time, and at the request of “content providers� Microsoft may disable certain features on your computer, such as the ability to play your music or movie files.
You agree that Microsoft can automatically and without your consent put new software on your computer.
Microsoft (and anyone else chosen by Microsoft) may collect information about your computer and may share it with other companies, but this should not include personal information about you. (listed twice, though not verbatim)

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