I wanted to participate in a photography contest online but the moment I saw these terms, I immediately changed my mind.
Entrants automatically assign to XXX and its parent company XXX Pte Ltd the entire right, title, interest and copyright in the photograph entered into this competition to be used in any media in the future, without any right for further compensation or right to review the media.
All submitted photographs become the property of XXX and its parent company XXX Pte Ltd.
XXX and its parent company XXX Pte Ltd reserve the right to use submitted photographs without informing the contestant for any purpose relating to XXX’s and XXX’s business.
XXX and its parent company XXX Pte Ltd cannot be held responsible or liable for the unauthorized use of photographs in other publications or websites.
What do you guys think? Is this a fair set of terms and conditions?