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The contract doesn't invalidate their obligations as a registrar.

"All ICANN-accredited registrars are required to allow registrants to transfer domain names to another registrar."

If these occurrences are often enough, it puts Cloudflare’s registrar accreditation at risk with ICANN.

The key part of this is “upon request” if you delete their domain beforehand then it gets messy. There is an argument to be made that it shouldn’t have been deleted in the first place.

Now as the registrant you have right to redeem the domain so you could recover via that route. So the domain CAN be saved.

In the recent thread about arbitration, an attorney said something to the effect of: you cannot possibly hope to keep up with a corporation's army of lawyers, actuaries, and even psychologists writing those agreements.

You may not have even originally agreed to said terms, and they were shoved at you in an update which you "can opt out of" by discontinuing your service.

https://www.law.cornell.edu/wex/unconscionability

... and then refuse to do business with them, obviously?

And when you are done reading it, throw it in the trash. Like everything from cloudflare.