You'll notice if you look at our other products that many of them are governed by Section 11 of our Universal Terms of Service. This section is included because, under copyright law, Google needs what's called a "license" to display or transmit content. So to show a blog, we ask the user to give us a license to the blog's content. (The same goes for any other service where users can create content.) But in all these cases, the license is limited to providing the service. In Gmail, for example, the terms specifically disclaim our ownership right to Gmail content.
So for Google Chrome, only the first sentence of Section 11 should have applied. We're sorry we overlooked this, but we've fixed it now, and you can read the updated Google Chrome terms of service. If you're into the fine print, here's the revised text of Section 11:
11. Content license from youAnd that's all. Period. End of section.
11.1 You retain copyright and any other rights you already hold in Content which you submit, post or display on or through, the Services.
It will take a little time to propagate this change through the 40+ languages in which Google Chrome is available, and to remove the language in the download versions. But rest assured that we're working quickly to fix this. The new terms will of course be retroactive, and will cover everyone who has downloaded Google Chrome since it was launched.