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I'm also confused. That agreement looks unobjectionable. Of course they're going to own your work if they pay you to do it. Besides, it's hardly as if there's some big payoff for being able to take your area to another mud. Few muds of quality are going to accept an area from an unrelated mud.
And while Kavir is correct that there is not some guarantee that this project will get off the ground it already looks like a more professional and organized effort than 95% of the muds out there.
--matt
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