Let's face it — you probably don't read privacy policies. And for good reason. They're typically super long and riddled with unreadable legal jargon, making for torturous reading material. But Microsoft is looking to change that.

The software giant just announced it has updated its Services Agreement and privacy statement, eliminating much of the legal mumbo jumbo to make its policies more transparent. With the update, Microsoft is also taking a more definitive stand against targeted advertising, pledging not to use the content in your emails to target you with ads.

"As part of our ongoing commitment to respecting your privacy, we have updated the Microsoft Services Agreement to state that we do not use what you say in email, chat, video calls, or voice mail to target advertising to you," Microsoft wrote in a FAQ sheet about the new agreement. "Nor do we use your documents, photos, or other personal files to target advertising to you."

Microsoft has taken aim at Google for anonymously scanning the content of Gmail messages to serve up targeted ads. But Google says all scanning is done via an algorithm and humans at Google are not reading your messages.

Microsoft's Services Agreement, meanwhile, basically details your rights as a Microsoft customer. It covers a range of Microsoft services, such as Outlook.com, OneDrive, Bing, and Office.

With the update, Microsoft has moved its user Code of Conduct into the Services Agreement and updated it to clearly state what behaviors could result in action being taken on your Microsoft account. Users, for instance, are prohibited from using Microsoft services to distribute pornography or content that expresses "obscenity, vulgarity, profanity, hatred, bigotry, racism, or gratuitous violence."

The company also added a section stating that parents are responsible for Microsoft accounts and services used by their minor children, including any purchases.

The new agreement will take effect on July 31. By using Microsoft's services after this date, you automatically agree to abide by the terms of the agreement. If you don't agree, you'll need to stop using Microsoft services, the company said.

The update comes several months after Microsoft found itself in hot water after it accessed the Hotmail account of a blogger suspected of receiving stolen trade secrets from a Microsoft employee. Early on, Microsoft said it was within its right to do so, but Redmond later pledged not to snoop in a users' email but to refer accounts to law enforcement if it suspects foul play.