Spam, Spam Spam Spam Spam!

Most of my spam gets filtered for me (I've spent a lot of time setting things up so I don't have to see spam). However one got through today and this was at the bottom of it:

Privacy Policy - Terms and Conditions of this Email:
This notice outlines the privacy policies associated with his Email. By clicking any image and/or text link in this Email (excluding the removal link), you are accepting the practices described in this Privacy Policy. As such, you are representing that you have the authority and are authorizing [link removed] and/or any of its business associates to contact you via email, postal mail, or telephonically with information stored in the [link removed] database.
Changes to the Privacy Policy:
We reserve the right to change the terms of this Privacy Policy at any time. We encourage you to check the Privacy Policy in each new email sent to you regularly. Your continued use of our email service following any changes to this Privacy Policy will constitute your acceptance of such changes. This privacy policy was last amended on October 9th, 2006.
Personal Information and IP Address:
Each time you view and/or click any image or text link in a [link removed] sponsored email, our web server automatically recognizes your IP address and contact information. Your IP address is used to help us identify and gather broad demographic information about you. We also use your IP address and contact information to help diagnose problems with our servers, pre-populate [link removed] administered Web Sites, and to better serve you in using the features associated with our email service.
View Complete Policy Here.
Contacting Us About Privacy Questions Or Concerns:
If you have any questions about this Privacy Policy, please email us at [link removed], or by sending a letter to:
Privacy, P.O. Box 425 , Newark, NJ, 07199

note: I have removed links to the website.

Now, I'm not a lawyer but, if I click the link to view the complete policy I'm agreeing to it, right? And by privacy, you mean lack of privacy, right. Maybe it's because I don't see much spam anymore but I'm surprised that they have Terms and Conditions. What's next "By reading this email, you agree to send us 1 Billion Dollars"? Hey, I should try that!