If you do not know them, GoDaddy is the biggest - and sometimes pricey - domain registrar out there. They can usually be identified by their deceiving ads (I'll clarify if asked, but their ads are not bad), and their race cars, both in the Indie Car races and the NASCAR races. Danica Patrick is known as a "GoDaddy Girl", and she drives the GoDaddy car for NASCAR. The Indie Car driver is a man, and for some reason I have a very light memory of that person. I know that he was on GoDaddy's page for a very short week, Danica was back on the front page probably after a public outcry from the public.
I'm sorry to tell the women this, but most people who buy domains are guys. And we want women on the front page, not men. I'm sure all of you already know this.
As stated before, GoDaddy is the biggest registrar out there, and they are a industry standard company. With over 53 million domains registered, they have to have a good rep to keep a consumer base that large. Outside of the most recent outage, nothing has been that much of a problem regarding GoDaddy.
The terms of GoDaddy are quite simple, and a very small amount of it is in "legalese." Legalese is some sort of slang for legal language. Have no idea how that slang word came up, but I now know it, and it seems to be the word that everyone else is using. You can look at the official terms here, or you can also look at the frame below.