Google Puts $200k in Reserve for Future YouTube Liabilities
Mercury News reports
Google Inc. has set aside more than $200 million in its just-completed takeover of YouTube Inc. as a financial cushion to cover losses or possible legal bills for the frequent copyright violations on YouTube's video-sharing site.
Without elaborating in a late Monday statement, Google said it is withholding 12.5 percent of the stock owed to YouTube for one year ``to secure certain indemnification obligations.''
How about a filesharing app now Google?
Small Print Project
The purpose of this project is to document experiences -- both good and bad -- presented by the millions of EULAs (End User Licensing Agreements) as they are both designed and encountered, knowingly or otherwise. This project will only last 8 weeks or so as an academic endeavor, however, this site is designed with the hopes of fostering discussion, suggestion, exposition and implementation of EULAs (electronic and otherwise) in an effort to help define, describe and mediate the nature of agreements in the digital age.
This idea is very interesting. One of the first entries includes an excerpt from Amazon Unbox:
Section 9(c): "If Amazon changes any part of the Service or modifies license terms... you acknowledge that you may not be able to access, view, or use Digital Content in the same manner as prior to such changes, and you agree that Amazon shall have no liability to you in such case."
If you've got a nasty EULA, then you can submit it via a form on the site.
Keep it up Andy. I look forward to reading your final results on the Small Print Project when it's complete.