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There will be thousands of people that agree to that and that is the issue. ASMP has tried to educate photograpers around the world to understand their rights but not everyone does the "homework" required to know what's acceptable and what is wrong!
90% of the photographers here probably don't know that this contest is wrong. And gladly agree to the rules without reading or understanding the actual results of them sending images to Conde' Nast. he chance to be a "winner' far out weighs the signing away your rights,