Why, to protect their arses, of course. But you knew that, right?
Of course, it's one thing to know, it's another to accept. One can always read
or ask questions
before jumping in, though, before possibly agreeing to it.
I guess it boils down to how one feels about it, depending on what side of the
fence one is on. This contract, though, isn't necessarily any different from all
the others in terms of...hmm...not sure what's the right word...
Note that the contract here is for their auction service. If you're going to hold
this "against" Moniker while not considering their registration agreement, then
you might want to read other registrars' as they have similar terms anyway.