Dear Miss Snark
I was intrigued to come across this website with a detailed list of terms and conditions for submissions (can't get link to work here)
A little over the top? I'm not good at reading legalese so it kind of puts me off submitting in case there's something weird in there and I'm accidentally signing over my firstborn. Or maybe I just need a good whack with the clue stick.
I have no idea what prompted Inkwell to put that on their website but I bet it's a pretty good story. That list is only for electronic submissions. If it troubles you (and I read it and it seemed ok to me) send your submission by mail. They don't ask you to print it out, sign and notarize it, and include it with your submission.
Inkwell is one of the most respected agencies in town. They're not trying to pull a fast one. I think it's more that they are protecting their own clients many of whom could be targets for "you made a lot of money and I want some of it" lawsuits.