
A new Statement of Rights and Responsibilities will take the place of Facebook's existing terms and the Facebook advertising terms and conditions.
The document reaffirms that users, not Facebook, own the content they share through Facebook services and that Facebook's permission to use that content expires when users delete the content or terminate their accounts.
An update to the Privacy Policy is also planned and this change will be subject to users' input.
The social network site said it was offering users around the world an ‘unprecedented role' in determining the future policies governing the service.
Mark Zuckerberg, founder and CEO of Facebook, said: ‘The past week reminded us that users feel a real sense of ownership over Facebook itself, not just the information they share'.
Facebook backed down last week over its plans to keep customers' photos and messages, insisting it will talk to its users about new terms of service.
The social networking site attracted significant criticism and front-page newspaper headlines over its decision to remove a clause allowing people to delete their information permanently.
More than 25,000 people joined Facebook groups to protest at the changes, with some threatening to deactivate their accounts.