This is how you know I'm a copyright nerd: I read contest rules in their entirety. The contests I'm interested in almost always involve the submission of some work of art, so the transfer of rights involved in entering these contests is always fascinating.
Today, for example, I discovered that by entering your recording in this contest, not only do you grant the company running it the right to use the recording however they want forever, but they can also grant the same rights to anyone else. In theory, this means that they could sell your recording, or the rights to use your recording (e.g. to use it in a movie), making all the money they want without ever compensating you.
Is that likely to happen? No. Is it worth knowing what you're getting into? Absolutely. I'll still probably enter, since it's just a cover contest, but I would definitely think twice before submitting something original.
Today, for example, I discovered that by entering your recording in this contest, not only do you grant the company running it the right to use the recording however they want forever, but they can also grant the same rights to anyone else. In theory, this means that they could sell your recording, or the rights to use your recording (e.g. to use it in a movie), making all the money they want without ever compensating you.
Is that likely to happen? No. Is it worth knowing what you're getting into? Absolutely. I'll still probably enter, since it's just a cover contest, but I would definitely think twice before submitting something original.