I'm considering entering this competition, but when I saw this it concerned me:
Copyright of the novel remains with the author, but Mslexia has the unrestricted right to publish extracts in its magazine and on its website, as well as retaining unrestricted rights to use extracts from the novel and any related material for PR purposes. This does not affect the rights of any future publisher of the novel.
Can anyone decode this for me? Where would this leave an author re: first rights. Will it affect my chances with an agent or publisher?