How does required duplicate content (terms and conditions, etc.) affect search?

Channel:

Google Search Central

Subscribers:

751,000

Published on July 22, 2013 3:47:40 PM ● Video Link: https://www.youtube.com/watch?v=Vi-wkEeOKxM

Duration: 1:04

50,390 views

158

How does duplicate copy that's legally required (ie Terms & Conditions across multiple offers) affect performance in search?
Jason, New York

Have a question? Ask it in our Webmaster Help Forum: http://groups.google.com/a/googleproductforums.com/forum/#!forum/webmasters

Want your question to be answered on a video like this? Follow us on Twitter and look for an announcement when we take new questions: http://twitter.com/googlewmc

More videos: http://www.youtube.com/GoogleWebmasterHelp
Webmaster Central Blog: http://googlewebmastercentral.blogspot.com/
Webmaster Central: http://www.google.com/webmasters/