By submitting the photo in our contest you hereby that you are the sole author and copyright holder of submitted work. You agree the publication of your work in internet without any payment, royalty or compensation. Photographers keep all copyright of their works.
p.s. yeah spam is annoying, anyway Mods will clear it up
Ok, You're right. It's not too clear.
It will be changed shortly to
... agree the publication of your work in internet in the LOW RESOLUTION FORMAT.
you are still keeping all copyrights and can SELL, RENT or ISSUE A LICENSE on your photo. Is it OK?