<i>3. ASSIGNMENT OF RIGHTS: Upon entry into the Challenge, Entrant shall grant TextWise an irrevocable, royalty-free, perpetual, non-exclusive worldwide right and license under its intellectual property (including without limitation patent) rights to use the entry for all uses throughout the world. If Entrant is selected by Sponsor to receive the award, Entrant will irrevocably assign and transfer all rights, title and interest in their entry, including but not limited to their copyrights, patent(s) rights and all other proprietary or intellectual property rights to the Sponsor.</i><p>So is this the Publishers Clearing House of business plan competitions? String along a bunch of people, pay one that happens to be 78, then run with hundreds of good ideas?<p>Interesting ploy, but seems a bit spammy and underhanded.