Borders shops for new authors among staff

This Galleycat post says Borders is holding a contest for the best manuscript(s) written by its 30,000 employees, "anticipating multiple winners and hop[ing] to publish fictional works ranging from mysteries and thrillers to romance and historical novels" in its house imprint.

I'm sure they'll find some winners. But if I were one of them, I sure would make sure a qualified agent or lawyer looked at the contract being offered. What are the chances it will contain unusually explotative terms -- and that employees might feel too intimidated to object?

technorati: publishing, bookstores