From the author of the amazing "SpywareBlaster" comes another cool application called "EULAlyzer".

To quote from their website:

License agreements - a pain?

End user license agreements (EULAs) are the bane of most computer users.
No one wants to read through pages and pages of boring text before installing a program. And many programs put their license agreements in small windows that require lots of scrolling. So many people either skim them or skip reading them altogether.

But it can be dangerous not to read license agreements.
License agreements can provide information about the intentions of software, and other bundled components. Have you ever installed a program, only to have your desktop taken over by advertising? It may have been noted in the license agreement that you simply clicked past. If you aren't reading the license agreements, you have no idea what you could be agreeing to.

You should always read license agreements before agreeing to them.
But now there's a way of making that much easier ...

For more info and the download, go to their website:
http://www.javacoolsoftware.com/eulalyzer.html

You'll probably want to get the update (from version 1.0 to 1.1) that came out a couple of days back. I just found it this evening.

Thanx for the heads up, Rose!

I've just updated the version and submitted a questionable EULA to their research group for further analysis. Just doing my part to bite those out-of-control EULAs in the butt ...