What rights does crowdspring receive to the works that are submitted on crowdspring?

Crowdspring is given limited rights to the work submitted on crowdspring.com - similar to the rights people give to YouTube, Facebook, and other services so that their work can be published on the site.

When creatives submit work to crowdspring, they give us a "non-exclusive, worldwide, perpetual, irrevocable, royalty-free sub-licensable and transferable license to use, reproduce, distribute, prepare derivative works of, display and perform the content in connection with the Site, in any media known now or in the future. Without such rights, we would not be able to host projects or maintain the marketplace.

The creator of the original work does, of course, retain copyright to that work until and unless the entry is sold to a client.

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