What it says:
(a) Freelancer hereby grants to Company the following rights in each Work [a drawing] throughout the world:
(i) The exclusive first right to publish the Work, which exclusivity lasts from the date hereof until ninety (90) days beyond the U.S. cover date of the issue of the Publication in which the Work is first published (and for cover-art drawings, one calendar year). In instances where a Work (or any part thereof) is first disseminated on a Company affiliated Web site or service prior to appearing in a print issue of a publication, Company's exclusivity period shall continue through the above-specified applicable time period after the on-sale date of the print issue of the publication. Freelancer will not allow anyone else to publish or use the Work or any portions thereof for any purpose until the applicable exclusivity period has expired.
(ii) Freelancer also grants Company, for the full term of copyright, the non-exclusive right to publish, print, republish, reprint and use the Works, the unrestricted right to use any cover containing the Works for any purpose at any time, the right to make and authorize the making of reprints or stand Â¬alone copies of the article or feature including the Works for any purpose, the right to authorize the use of the Works as shown in the applicable publication as set dressing or otherwise in movies, television shows, and other productions, and in addition, the right to use the Works and/or Freelancer's name and likeness in publishing, promoting, advertising and publicizing the publication(s)and services in which the Works appear, and in merchandising.
(iii) Company will have the exclusive right to include each Work in a Company anthology, that is, in an anthology that contains material at least 25% of which originally appeared in [Publication], and which includes works by more than one contributor.
(iv) Company may allow any of Company's or its affiliates' owned or licensed publications outside of the United States, and/or foreign language publications in the United States (in each case "foreign publication") to acquire the exclusive first publication rights to each Work in that publication's country and/or language of publication, such exclusivity to last for ninety (90) days beyond the on-sale date of the issue of the foreign publication in which the applicable Work is published. The foreign publication may acquire the rights by giving notice thereof within one (I) month of the U.S. on-sale date and by agreeing to pay a fee to Freelancer upon publication as follows: [omitted]
(b) In addition to the rights granted above, for cover-art drawings accepted by Publication, Freelancer hereby grants to Company the following rights in each Work, for the full term of copyright, including any renewals and extensions throughout the world:
The exclusive right to use cover-art drawings to prepare covers of Publication. Freelancer acknowledges that any cover containing a Work is a derivative work in that it has recast, transformed, or adapted Freelancer's original Work and, as such, all rights, including copyright, in the cover shall be owned by Company outright. In any event, Freelancer grants Company the unrestricted right to use any cover containing a Work for any purpose at any time. Ownership of the copyright in the underlying work as well as ownership of the physical cover-art shall remain with Freelancer.
(c) Company may exercise the rights granted herein in any media now in existence or hereafter developed, throughout the world. In doing so Company may arrange with third parties for distribution, transmittal, publication, promotion or other dissemination of its publication(s) and service(s) or portions thereof containing the Work, or material from Company's publication(s) or service(s), in a collection, section, manner, or area identified as being associated with or containing material from Company or the applicable publication or service, including with any database operator or other service (e.g., Nexis), and may provide links and other enhancements to the Work.