Domain registration is a commodity service, where all but one company selling this commodity does so without any strange contract terms. Even if the chance that Gandi acts on their contractual rights is slim, there's no reason to give them that right in the first place. A company's brand, good will and years of backlinks are tied to their domain -- it's not something to put at risk lightly.

I deleted the copy of my comment, not a moderator, as it didn't need to be said twice. This does not "help me" in any way; I'm not affiliated with any registrar. The reasons one would point out an unusual contract term are pretty obvious -- most people don't read them, and this one's quite material to the decision of who to register a domain with.