Microsoft is rolling out the new agreement, effective August 1, 2015, in order to consolidate the differing terms across its various services.

The Microsoft Services Agreement will cover most of Microsoft’s consumer online services, including Xbox Live, Bing, MSN, Skype, OneDrive, Outlook.com and Microsoft account. You can see the full list here. The Microsoft Privacy Statement also covers most of Microsoft’s consumer products and services.

The updates will take effect on August 1, 2015. If you continue to use our services after August 1, 2015, you agree to the updated terms. If you do not agree, you can choose to discontinue use of the services and close your Microsoft account before August 1st. If you are an Xbox Live subscriber, you will be prompted soon to accept the terms when you log in to Xbox Live on your Xbox One, Xbox 360, or at Xbox.com. If you are a parent or guardian, you are responsible for your child or teenager’s use of Microsoft services, including purchases.

For more information, you can review the Microsoft FAQ on the changes here.

If you do not agree to the new terms by August 1, 2015, you will no longer be able to access Xbox Live.