This is one of the main flaws of the current legal construct. We are supposed to give informed consent, however, we "sign" an agreement, without reading it, because if we do not "sign" it, we cannot use the product that we want to use. We do not read it, because the agreements are purposefully long and tedious. What is supposed to be an agreement between to parties becomes a tool for manipulation.
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That's exactly how it is and it is ridiculous! You couldn't describe it better actually!!