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Sure, everyone should think about that, but there is a traditional way to mitigate some of the risks. It's called a contract. Very few services of any kind would exist if everyone just walked away.

My conclusion from all of this is that the web is not as different from earlier "platforms" as some make it appear. If I want to build on someone's service, I make a contract that sets out the rights and obligations of either side.

I'm not a lawyer so I wonder how ToS are related to contracts. Does google have the right to change the ToS unilaterally without notification or agreement?

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