You actually cannot sign away your basic rights as contract cannot supersede state or federal law. You may argue that one's right to litgation _should_ be considered a basic right, but currently it's not.
Alexender Hamilton: "The civil jury is a valuable safeguard to liberty."
Thomas Jefferson: "Another apprehension is that a majority cannot be induced to adopt the trial by jury; and I consider that as the only anchor, ever yet imagined by man, by which a government can be held to the principles of it’s constitution."
They tried, but greed is too strong. You've lost the right to a trial by jury. What little bit is left is dead under mandatory binding arbitration.
Cynicism aside, this is a result of freedom of contract right? I'm still not sure how it's enforceable to agree to use a different legal system: if both parties are in the US they can agree to be bound by French law instead? Or a coin toss to resolve disputes?
Also http://slatestarcodex.com/2014/11/05/the-right-to-waive-your...
"CHAP. 218.-An Act To make valid and enforceable written provisions or agreements for arbitration of disputes arising out of contracts, maritime transactions, or commerce among the States or Territories or with foreign nations."
The court will not decide the unconscionability of that contract. An arbiter will. The conscionability of a contract that has mandatory binding arbitration must be decided by the arbiter. The courts are only involved in enforcing the arbiter's judgement, which is not subject to any review. The arbiters judgement is not subject to the courts. The arbiter could decide you were meant to be a slave by the contract or another arbitrary decision[1] that has nothing to do with the contract and assign you a 10 million dollar penalty. Under US arbitration, I argue you have no real rights. With no limit to financial penalty and no review by courts of law other than to compel others to steal your property at the whim of an arbiter, there are no real rights left.
[1] Arbiters are not limited to the subject of the contract nor are they limited to the subject of the dispute.
This is wrong on so many levels. This is one of the reasons why euthanasia is not legal; you cannot legally write a contract to get yourself killed: the person who kills you will be a murderer regardless if the murder was consensual. Similarly, you cannot consent to slavery.
Except where it is legal:
Yes, it does change your point, because if what you implied was correct, euthanasia would not be legal anywhere.