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Subject to the terms and conditions of the Terms, you are hereby granted a non-exclusive, limited, non-transferable, non-sublicensable, revocable, worldwide license to access and use the Services, including to download the Platform on a permitted device, and to access the TIkTok Content solely for your personal, non- ...
They immediately link to data harvesting platforms that pick off usernames and passwords, credit card and banking information and details about users' personal health.
A TikTok contract is an agreement between a brand and a content creator - for the purpose of posting on TikTok- that helps determine the terms of their business relationship. The document also helps save the basic rights of both parties.
TikTok could very likely capture the card details of multiple users using account credentials, very likely giving TikTok access to the user's bank account and payment history.
Aside from issues that cannot be subject to arbitration by law, the new terms of service require users to bring their complaints to binding arbitration rather than allowing them to go to court. The new terms also prohibit class action lawsuits.