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I will admit to removing DRM and making backups of ebooks that I purchase. The only books that are immune are those I borrow from the library -- I trust the DRM servers will be up longer than I will have those books. I have learned from experience that DRM server can and will disappear with little notice and that that what used to be music, videos or books will become useless files left on my computer.
As to the "ageement" between myself and the company from which I purchase an ebook? Much like the current uncertainty as to how enforceable shrink wrap contracts are, the status of terms of service used by many etailers is iffy at best. The insistence on referring to them as agreements doesn't help since the definition of agreement being used would appear to the "mutual understanding between two or more legally competent individuals or entities about their rights and duties regarding their past or future performances and consideration" legal definition. See adhesion contract for more on the subject of one-sided contracts.
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