3. Ownership. IFTTT shall own all right, title, and interest (and all related moral rights and intellectual property rights) in and to the Developer Tool, Service, and Content
12. Patent License. Licensee hereby grants IFTTT a nonexclusive, sublicensable, perpetual, fully-paid, worldwide license to fully exercise and exploit all patent rights with respect to improvements or extensions created by or for Licensee to the API
And many more things that really are not too acceptable.
See this blog post