Dropbox Updates Terms Of Service - Now Owns All Your Stuff

File sharing and online storage outfit Dropbox has come under fire for quietly changing its Terms and Conditions to transfer everything stored on its servers into its own ownership.

The legal mumbo-jumbo which every user is require to digitally sign before being allowed in basically transfers any rights you held in your photographs, poetry, novel manuscripts or recordings into Dropobox's hands at the click of a button.

Those of us who don't have the time, inclination or patience to read through every word of every legal document we see online should take heed, according to thinq_.

The frightening part of the legally binding user agreement reads: “By submitting your stuff to the Services, you grant us (and those we work with to provide the Services) worldwide, non-exclusive, royalty-free, sub-licenseable rights to use, copy, distribute, prepare derivative works (such as translations or format conversions) of, perform, or publicly display that stuff to the extent we think it necessary for the Service. You must ensure you have the rights you need to grant us that permission.”

In other words, you still own your stuff but once it's on our site we can do whatever we want with it. Forever. All over the world.