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Permitting redistribution of content & derivative works

I have a question about the Terms & Conditions -- specifically:

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You retain all of your ownership rights in your User Submission but by submitting your User Submissions to the Site, and as a condition of your use of the Service, you hereby grant MagCloud a worldwide, irrevocable, non-exclusive, royalty-free, sublicensable, and transferable license to use, copy, display, perform, modify, transmit, make derivative works of, and distribute your User Submission, for the purpose of providing and promoting the Service, including without limitation, for redistributing part or all of the User Submissions (and derivative works thereof) in any media formats and through any media channels. The license granted by you to MagCloud terminates once you remove or delete a User Submission from the Site.
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While I have no problem granting MagCloud (for example) the right to display a short excerpt from the interior or the cover of my [future] magazine as part of their marketing, etc, the ability to redistribute partial or derivative works from it could seriously damage my [future] contributors economically. (Once a how-to pattern is out there, even partially, its value is gone).

The words "sublicensable" and "transferable" are particularly nerve-wracking for designers in my industry given past transgressions by unscrupulous publishers. Could you please explain what this clause is actually intended to cover and how publishers' content could possibly be redistributed in future? Thank you.
 
silly I’m unsure
Inappropriate?
2 people have this question

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