Originally Posted by pdurrant
The statement of copyright isn't the problem. The problem is
"Kobo's Registered Users' personal and non-commercial use. Any other use of literary works downloaded from kobobooks.com is strictly prohibited"
"Registered Users may not [...] display"
which seem to say that only the registered user may read the ebook.
All eBook stores seem to say the same. Eg, Amazon say:
(The) Content Provider grants you a non-exclusive right to view, use, and display such Kindle Content an unlimited number of times, solely on the Kindle or a Reading Application or as otherwise permitted as part of the Service, solely on the number of Kindles or Supported Devices specified in the Kindle Store, and solely for your personal, non-commercial use.