Your personal data may be sold or otherwise transferred as part of a bankruptcy proceeding or other type of financial transaction


Service: Guiding Tech
Status: APPROVED
Changes: 3
Source: link
Author: AgnesDeLion (20760) Staff


Possibility of merging or acquisition: The users/visitors of Guiding Tech are informed that Guiding Tech would be required to transfer to an acquiring/resultant entity, as the case may be, any information collected on user behaviour/personal information of users (if provided by users), if Guiding Tech is acquired/merged with another company.</p>


Comments:
On 2024-11-11 07:18:58 UTC, Monty44 (23534) Suspended wrote:

It’s important to recognize the transparency around personal data usage, especially in financial transactions like bankruptcy proceedings. While it may seem concerning, this clause can help ensure that businesses remain solvent, protecting the interests of both users and stakeholders. For example, a service like a Twitch viewers bot may need to disclose such details as part of its financial agreements or asset transfers. By being upfront about these practices, companies allow customers to make informed decisions, which fosters trust and ensures compliance with legal requirements. This type of openness is essential for maintaining a fair and ethical business environment.



We track editorial changes to analyses and updates to a point's status and display the previous versions here as part of an effort to promote transparency regarding our curation process.

Version 3: 2023-07-11 04:49:45 UTC by Deleted Staff

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Version 2: 2021-06-01 14:10:40 UTC by CyanoTex (23355) Staff

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Previous Status: PENDING

Updated Status: APPROVED

Version 1: 2021-05-31 15:10:18 UTC by AgnesDeLion (20760) Staff

Previous Title:

Updated Title: Your personal data may be sold or otherwise transferred as part of a bankruptcy proceeding or other type of financial transaction

Previous Analysis:

Updated Analysis: Generated through the annotate view

Previous Status:

Updated Status: PENDING