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It was always called Subscriber agreement
From 2004
https://web.archive.org/web/20041207200352/http://www.steampowered.com/index.php?area=subscriber_agreement
and on this page from June 2004 (before Half Life 2 released) you can see a link to the Steam subscriber agreement at the bottom of the page.
https://web.archive.org/web/20040604182301/http://www.steampowered.com/
This is not new and has been that way since Half Life 2.
Yep and the first thing we had to do after putting the disk in our pc was agree to the EULA. If you didn't it would not install so yeah you owned a piece of plastic. Well done.
- if its money I can stand losing (say the game is somehow removed from my library on a whim) then yeah whatever, it is disposable...
- if I don't like spending $$$ for something that can be removed on a whim, then nope.
Only invest as much as you are willing to lose.
But nowhere in that agreement does it say, "You don't OWN this disc and we have the right to take it from you at our discretion.."
Nope, no way, they will defend big corpo and tell you how wrong you are for being pro-consumer.
And whenever Gaben passes it'll all become so much worse.
if you go with that logic then you shouldn't have an issue, since you do own the physical 1s and 0s on your harddrive, just like you own the physical 1s and 0s on the disc.