Forgive me if this question makes no sense or seems trivial; my profession is in molecular biology, so I am here from the Biology Stack Exchange and know very little about patents.
I am wondering about what exactly this means:
By participating, each Participant forever waives any rights of copyrights, trademark rights, patent rights, privacy rights, and any other legal or moral rights in the entry that may preclude the Sponsor’s use of the entry, or require such Participant’s permission for the Sponsor to use the entry.
There is more, but it doesn't really apply to my question... if it would help, I can include it though.
Does this mean that the sponsor owns any ideas presented in the entry? What if it is patented before the entry is submitted?
If you need more information about the circumstances, I will gladly elaborate. I just didn't want to bog down the question with unnecessary information.
Thank you for your patience and help. :)