They've copied other terms and conditions from the Internet, and modified them. It might not be enforceable in some countries, but the damage is done if Batteroo decide to go ahead and manipulate videos, even negative videos, for their own advantage. These parts are quite alarming (I've bolded some of it and removed some bits and replaced with '...' ), they are keeping open the option to use and disclose personal information about entrants too:
By submitting an Entry, each entrant .... By submitting a Video, such entrant consents, by virtue of submitting his/her Entry to the Contest, to Sponsor’s use of the entrant’s name, likeness, videograph or image, whether in writing, audio, and/or video, for any purpose, in any media, without compensation or additional consideration to entrant. ....
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By participating in this Contest, entrants are authorizing the transfer of personal data to the United States for purposes of administering the Contest, conducting publicity about the Contest and such additional purposes consistent with our goals or the Contest goals. By entering the Contest, entrants consent to our collection, use and disclosure of their personal information for these purposes..