From what I've seen of Terms and Conditions (their main purpose being to cover backsides), it doesn't seem like you forfeit your right to sell the photos, but it means that they also have the right to sell your photos. I.e., just because they have "all rights" doesn't mean that you have no rights, you just don't have the right to deny them commercial use.
Even this isn't a lot better; it's only better because if you sell photos you're not violating something, but they can still yank the rug out from under you.
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