Once submitted, a prize winning Submission becomes the exclusive property of Sponsor and will not be acknowledged or returned.
You expressly agree that by entering into the Contest any rights you may own in respect to a prize winning Submission shall be transferred to Sponsor by means of this Agreement. You shall be obliged to perform any measures necessary in order to vest any intellectual property rights in the name of Sponsor in case required by any law or regulation. In such case, Entrant shall – at Sponsor’s first request – execute any deed or transfer or such other document as required in that effect. For the avoidance of doubt, Sponsor shall have the exclusive right to make any kind of sequels, spinoffs, changes and translating the prize winning Submission in any language , all in relation to the exploitation of the prize winning Submission on any kind of media now known or hereinafter developed, without territorial or time limitations. The responsibility to implement localizations made by Sponsor in up to 19 languages will be that of the developer.
So it sounds like they get full IP rights, but I can't read this law stuff. Anybody have any insight? Much appreciated!