It also says you grant us a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any IP content that you post on or in connection with Facebook (IP License).
In short Facebook can do anything they want with the IP content you provide to them. It also identifies, by example, IP content as media you provide to them. For that material the policy is pretty clear, but what about other material? What about textual content that is typed into Facebook and identified relationships? It seems this information is covered by the same policies and is IP subject to Facebook's use.
My understanding of Facebook policy is also likely dated as their terms change periodically. The current policy is dated at 30 January 2015.
If you read a bit further, it says the license ends when you and the other users with whom you have shared the content delete it, which was the case we were discussing.
It also says you grant us a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any IP content that you post on or in connection with Facebook (IP License).
This link addresses your concerns by clarifying a prior form of the above mentioned policy: http://legalteamusa.net/tacticalip/2013/02/11/does-facebook-...
I suspect the Facebook IP Policy is a standard blanket of legal compliance if the following is that policy: https://www.facebook.com/help/intellectual_property
In short Facebook can do anything they want with the IP content you provide to them. It also identifies, by example, IP content as media you provide to them. For that material the policy is pretty clear, but what about other material? What about textual content that is typed into Facebook and identified relationships? It seems this information is covered by the same policies and is IP subject to Facebook's use.
My understanding of Facebook policy is also likely dated as their terms change periodically. The current policy is dated at 30 January 2015.
If you read a bit further, it says the license ends when you and the other users with whom you have shared the content delete it, which was the case we were discussing.