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Family share is only sharing access to the game, not the game (license) itself.
And just to follow up since Valve literally covers this in the faw
bolded the relevant portion
https://help.steampowered.com/en/faqs/view/5FDE-BA65-ACCE-A411
ahh, thank you for clarifying, so in simple way, family share game, only make your achievements, and in game progress tracked as a separate account, while the playtime is still shared across other family member correct?
uhm, still kinda iffy about it. sure for this, if i bought the game that the family shared game already played for hours, and the playtime is transferred to my own game, and i got to submit a manual refund request if i want to for some reason refund it. but what about this.
Like the one that bought the game is the main account(parent), and the one that actually play the game is just the child, can the main account refund the game (the child played the game for more than 2 hours, and it still under 2 weeks)? technically the main account didn't play the game right?
Under the former Family sharing, a game played for more than 2 hours is out of refund regardless of who played the game.
All the time the game has been running counts towards the refund limit.
-Time you've played your game? Counts
-Time someone else has borrowed your game? Counts.
-Time you've played a borrowed game? Counts.
-Time you've played a game on a free weekend? Counts.
No, as the game has been played for more than 2 hours. Mind the former Family sharing model already worked like this.
Otherwise the main account could buy the game, have family sharing accounts play it into exhaustion and be able to refund it because 'technically the main account didn't play the game'