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Does Threadless Own My Art?

So I read the user agreement from Threadless on artist’s rights when the user uploads a design. While it states that the artist owns and maintains ownership of the design, it seems like (they way I'm reading it) that you are giving Threadless a lot of rights when you agree to their terms. I understand they have to have enough consent to display, promote and print their product, but part of the user agreement seems to go way past that. The more concerning aspects of the excerpt are in bold

"14. As between you and Threadless, you own and will maintain ownership of the Design. Threadless does not and will not own the Design because of your submission of the Design.

15. By submitting the Design, you hereby grant Threadless a worldwide, irrevocable, non-exclusive, right and license to use, upload, modify, reproduce, copy, exhibit, create derivative works of, distribute, sell, advertise, and display the Design, in any manner now known or hereafter devised. This license may be sub-licensed by Threadless to others. You waive any “moral rights” you may have in the Design.

16. You also grant Threadless a worldwide, irrevocable, non-exclusive, right and license to use, portray, display and publish your name, appearance, voice, likeness, photographic image, and biographical information, in any and all media now known or hereafter devised. This license may be sub-licensed by Threadless to others."

Honestly, I'll probably never have enough success with a design for Threadless to take notice and for them to take advantage of, but the agreement almost sounds like they are as much of an owner of the design as you are even though they state otherwise. Maybe I'm reading that wrong, I'm no lawyer. Just seems to go overboard in comparison to some of the other sites. If anyone has better understanding of this part of the agreement it would be much appreciated. Thanks ( =

submitted by /u/spencersaysso
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