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CryptTV submissions legal question

If anyone has any legal knowledge on this subject I'd greatly appreciate the advice, I've never come across such a clause before.

I've come across a company that commissions short films and would like to enter my material for consideration, however a clause on the t&C's has left me in limbo on my decision, I've copied the relevant section, to save reading it's the second paragraph where my concern begins.


"UNSOLICITED MATERIALS

With regard to submissions made which are not in full accord with this Submission Agreement and the submission process as provided for through the Website (“Unsolicited Submissions”), Company does not knowingly accept, via the Website or otherwise, Unsolicited Submissions, including, without limitation, submissions of personal information, professional information, ideas for entertainment programming, audio, audiovisual, photographic and/or other works or content, stories, plots, scripts, treatments or other literary materials, characters, drawings, or any other information, ideas, proposals, suggestions or content. Company’s policy is to simply delete any such Unsolicited Submission without reading, reviewing or forwarding them to other Company staff, staff of Company’s affiliated companies or other individuals. Therefore, any similarity between an Unsolicited Submission and any elements in any Company or affiliated company creative work, including, without limitation, any video, film, show, series, character, story, artwork, product, title or concept would be purely coincidental.


If Unsolicited Submissions are sent to Company via the Website or otherwise, however, such Unsolicited Submissions and copyrights therein become the property of Company, in perpetuity and throughout the universe, and may be used, copied, sublicensed, adapted, transmitted, distributed, publicly performed, published, displayed or deleted as Company sees fit. You agree that you are not entitled to any compensation, credit or notice whatsoever and that by sending an Unsolicited Submission you waive the right to make any claim against Company or affiliated companies relating to Unsolicited Submissions, including, without limitation, copyright infringement, trademark infringement, unfair competition, breach of implied contract or breach of confidentiality"


Now the contract states that submitting via this process is considered "solicited" which is fair, what I'm unsure about is unsolicited material becoming their property to use including copyright infringement? How can you waive your rights to your copyright on this contract if you send in unsolicited material, wherein you would not have signed this contract in the first place if it's to be considered Unsolicited? My main and only concern is signing something where I lose my own copyrighted material, I've never seen this clause in t&c before.
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4 months ago