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The latest technology can be expensive, but knowing that the thing you bought is yours forever might take a bit of the sting out of a four-figure purchase. The problem is, you haven’t bought the whole device, and in certain circumstances, you will end up holding a useless lump of plastic.
There are plenty of ownership laws protecting consumers and defining their rights. Contrary to this, there are also laws that protect corporate interests, loopholes, and gray areas that allow businesses to retain an incredible amount of control over their products. Here are a few reasons you don’t truly “own” the tech you paid good money for.
The terms and conditions are important
On the surface, a sale may seem relatively straightforward. You hand over some money, receive an item, and that item now belongs to you. But if you scratch the surface, things get much more complex. When setting up or updating a device, you’ll probably skim through a long terms and conditions document or two. Although nobody, myself included, bothers to read…
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