Issues in Software Licensing, Acquisition and Development July 18, 2013 David Jennings
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Issu
es in
Sof
twar
e Li
cens
ing,
Acq
uisi
tion
and
De
velo
pmen
t
July
18,
201
3
Davi
d Je
nnin
gs
Cont
ext
Fo
r Our
Pur
pose
s; W
hat’
s a
licen
se?
•Fu
ndam
enta
lly, i
t is
a “p
erm
issi
on”
to d
o so
met
hing
(s).
•A
licen
se c
onve
ys ri
ghts
to in
tang
ible
pro
pert
y cr
eate
d an
d de
fined
by
stat
ute
and
to te
chno
logy
deri
ving
val
ue s
olel
y fr
om p
ropr
ieta
ry
poss
essi
on to
the
excl
usio
n of
oth
ers.
So
ftw
are
Deve
lopm
ent
•Im
plic
ates
the
crea
tion
and
/or i
ncor
pora
tion
of i
ntan
gibl
e pr
oper
ty a
nd
tech
nolo
gyin
to a
new
pro
duct
.
So
ftw
are
and
Prod
uct A
cqui
siti
on
•Bo
th c
an im
plic
ate
the
acqu
isit
ion
of in
tang
ible
pro
pert
y an
d te
chno
logy
.
Tech
nolo
gy v
s. In
telle
ctua
l Pro
pert
y
Tech
nolo
gy is
Tan
gibl
e an
d In
tang
ible
Thi
ngs
•Pr
oces
ses,
tech
niqu
es, k
now
-how
, dat
abas
es, s
oftw
are,
et
c.
In
telle
ctua
l [In
tang
ible
] Pr
oper
ty =
Leg
al R
ight
s
•Pa
tent
Rig
hts,
Cop
yrig
hts,
Tra
de S
ecre
ts, T
rade
mar
ks
•Ea
ch c
an c
onta
in d
ivis
ible
ele
men
ts o
f the
ove
rall
bund
le
Do
you
nee
d to
gra
nt/r
ecei
ve o
ne o
r bot
h?
•Do
n’t g
ive
up m
ore
than
nec
essa
ry
•Be
sur
e to
get
wha
t you
nee
d
Lice
nses
W
hat i
s th
is “
inta
ngib
le p
rope
rty”
that
is th
e su
bjec
t of a
lic
ense
or a
cqui
siti
on?
•Co
pyri
ghts
(so
ftw
are,
lite
rary
wor
ks, a
rtw
ork,
mus
ical
com
posi
tion
s,
etc.
)
•An
yone
who
vio
late
s an
y of
the
excl
usiv
e ri
ghts
of t
he c
opyr
ight
ow
ner
as p
rovi
ded
by s
ecti
ons
106
thro
ugh
122,
or o
f the
aut
hor a
s pr
ovid
ed in
se
ctio
n 10
6A(a
), o
r who
impo
rts
copi
es o
r pho
nore
cord
s in
to th
e U
nite
d St
ates
in v
iola
tion
of s
ecti
on 6
02, i
s an
infr
inge
r of t
he c
opyr
ight
or r
ight
of
the
auth
or, a
s th
e ca
se m
ay b
e.
•Ex
clus
ive
righ
ts o
f the
cop
yrig
ht o
wne
r—to
repr
oduc
e, to
pre
pare
de
riva
tive
wor
ks, t
o di
stri
bute
cop
ies
or p
hono
reco
rds,
to p
erfo
rm, a
nd
to d
ispl
ay
Lice
nses
W
hat i
s th
is “
inta
ngib
le p
rope
rty”
that
is th
e su
bjec
t of a
lic
ense
or a
cqui
siti
on?
•Tr
ade
Secr
ets
(kno
w-h
ow; p
aten
t app
licat
ions
) /
Stat
e La
w•
… a
com
plai
nant
is e
ntit
led
to re
cove
r dam
ages
for m
isap
prop
riat
ion.
Da
mag
es c
an in
clud
e bo
th th
e ac
tual
loss
cau
sed
by m
isap
prop
riat
ion
and
the
unju
st e
nric
hmen
t cau
sed
by m
isap
prop
riat
ion
that
is n
ot ta
ken
into
ac
coun
t in
com
puti
ng a
ctua
l los
s. In
lieu
of d
amag
es m
easu
red
by a
ny
othe
r met
hods
, the
dam
ages
cau
sed
by m
isap
prop
riat
ion
may
be
mea
sure
d by
impo
siti
on o
f lia
bilit
y fo
r a re
ason
able
roya
lty
for a
mis
appr
opri
ator
's
unau
thor
ized
dis
clos
ure
or u
se o
f a tr
ade
secr
et.
•If
mis
appr
opri
atio
n is
out
rage
ous
beca
use
of th
e m
isap
prop
riat
or's
evi
l m
otiv
e or
reck
less
indi
ffer
ence
to th
e ri
ghts
of o
ther
s, th
e co
urt m
ay a
war
d pu
niti
ve d
amag
es.
Lice
nses
W
hat i
s th
is “
inta
ngib
le p
rope
rty”
that
is th
e su
bjec
t of a
lic
ense
or a
cqui
siti
on?
•Pa
tent
s
•35
USC
271
(a)
Exc
ept a
s ot
herw
ise
prov
ided
in th
is ti
tle
[35
USC
S §§
1 et
seq
.], w
hoev
er w
itho
ut a
utho
rity
mak
es, u
ses,
of
fers
to s
ell,
or s
ells
any
pat
ente
d in
vent
ion,
wit
hin
the
Uni
ted
Stat
es o
r im
port
s in
to th
e U
nite
d St
ates
any
pat
ente
d in
vent
ion
duri
ng th
e te
rm o
f the
pat
ent t
here
for,
infr
inge
s th
e pa
tent
.
Gran
t of L
icen
se R
ight
s (O
pera
tive
Ver
bs)
Copy
righ
tOt
her W
ords
Use
d
Repr
oduc
eCo
py, D
ownl
oad,
Inst
all
Crea
te D
eriv
ativ
e W
orks
Mod
ify, I
nteg
rate
,Enh
ance
, Tra
nsla
te,
Embe
d
Dist
ribu
teSe
ll, R
esel
l,Su
blic
ense
, Lic
ense
, Pro
vide
Ac
cess
Publ
icly
Per
form
NA
Publ
icly
Disp
lay
Broa
dcas
t,Ac
cess
, Ins
tall
Pate
nt(c
ompa
re)
Mak
e, h
ave
mad
e, u
se, o
ffer
to s
ell,
sell
, im
port
Lice
nse
Agre
emen
ts
Di
ffer
ent T
ypes
of L
icen
ses:
•Ex
clus
ive
•N
on-E
xclu
sive
•Fi
eld
Lim
ited
•Ge
ogra
phic
al te
rrit
ory
/ Ti
me
limit
ed
•Sp
ecifi
c cu
stom
ers
•Sp
ecifi
c ap
plic
atio
ns/p
rodu
cts
Tran
sact
ions
& A
gree
men
ts A
ssoc
iate
d w
ith
Soft
war
e
En
d Us
er L
icen
se A
gree
men
ts (
EULA
s)•
Shri
nkw
rap,
Clic
kwra
p an
d th
e lik
e
Ge
nera
l Lic
ense
Agr
eem
ents
•Ge
nera
lly A
vaila
ble
Com
mer
cial
Sof
twar
e
Sa
aS, I
aaS,
Paa
S Ag
reem
ents
Re
selle
r Agr
eem
ents
De
velo
pmen
t Agr
eem
ents
•Cu
stom
Dev
elop
ed; C
usto
mer
Spe
cific
Ot
her (
Cons
ulti
ng A
gree
men
ts, e
tc.)
Sim
ple
Com
plex
EULA
s (T
ypic
al Te
rms
Incl
ude)
Ru
n Ti
me
vers
ion
–no
sou
rce
code
No
n-ex
clus
ive
use
only
; no
righ
ts to
mod
ify,
bun
dle,
re
dist
ribu
te, o
r use
for s
ervi
ce b
urea
u pu
rpos
es
Li
cens
e Ri
ghts
and
Fee
s ba
sed
on e
xten
t of u
se:
•Si
ngle
Use
r / M
ulti
ple
Use
rs
•En
terp
rise
•Tr
ansa
ctio
n
Du
rati
on (
fixe
d or
per
petu
al)
M
aint
enan
ce a
nd S
uppo
rt te
rms
vary
Cust
om S
oftw
are
Deve
lopm
ent A
gree
men
ts
Sc
ope
of D
evel
opm
ent /
Pro
duct
Fun
ctio
nal R
equi
rem
ents
/ S
OW /
PRD
Pr
ojec
t Man
agem
ent a
nd C
oope
rati
on R
equi
rem
ents
Ch
ange
Pro
cedu
res
Sc
hedu
ling
and
Mile
ston
es
Paym
ent P
rovi
sion
s
User
Tes
ting
and
Acc
epta
nce
Proc
edur
es
Excl
usiv
e ri
ghts
to d
evel
oped
sof
twar
e (i
ncl.
sour
ce c
ode)
: use
, mod
ific
atio
n,
dist
ribu
tion
and
the
like
Re
tent
ion
of R
ight
s to
Dev
elop
er’s
tool
s an
d pr
e-ex
isti
ng s
oftw
are
No
n-ex
clus
ive
licen
se ri
ghts
to D
evel
oper
’s to
ols
and
pre-
exis
ting
sof
twar
e
Deta
iled
War
rant
ies
and
Inde
mni
fica
tion
s
Conf
iden
tial
ity
M
aint
enan
ce a
nd S
uppo
rt te
rms
vary
Es
crow
Pro
visi
ons
(as
appl
icab
le)
Deve
lopm
ent a
nd C
onsu
ltin
g Ag
reem
ents
/ W
ork
Mad
e fo
r Hir
e Is
sues
Th
e Co
pyri
ght A
ct d
efin
es a
“w
ork
mad
e fo
r hir
e” in
two
part
s:
•a
wor
k pr
epar
ed b
y an
em
ploy
ee w
ithi
n th
e sc
ope
of h
is o
r her
em
ploy
men
t;
or
•a
wor
k sp
ecia
lly o
rder
ed o
r com
mis
sion
edfo
r use
•as
a c
ontr
ibut
ion
to a
col
lect
ive
wor
k,
•as
a p
art o
f a m
otio
n pi
ctur
e or
oth
er a
udio
visu
al w
ork,
•as
a tr
ansl
atio
n,
•as
a s
uppl
emen
tary
wor
k,
•as
a c
ompi
lati
on,
•as
an
inst
ruct
iona
l tex
t,
•as
a te
st,
•as
ans
wer
mat
eria
l for
a te
st, o
r
•as
an
atla
s,
if th
e pa
rtie
s ex
pres
sly
agre
e in
a w
ritt
en in
stru
men
t sig
ned
by th
em th
at
the
wor
k sh
all b
e co
nsid
ered
a w
ork
mad
e fo
r hir
e
Sof
twar
e N
otIn
clud
ed
Wor
k M
ade
for H
ire
Issu
es (
cont
.)
Do
n’t b
e ca
ught
una
war
es (
wit
hout
des
ired
ow
ners
hip
righ
ts)
as a
resu
lt o
f the
Co
pyri
ght A
ct d
efin
itio
n of
“w
ork
mad
e fo
r hir
e”
M
ake
sure
to h
ave
the
part
ies
expr
essl
y ag
ree
in a
sig
ned,
wri
tten
inst
rum
ent
that
the
wor
k sh
all b
e co
nsid
ered
a w
ork
mad
e fo
r hir
e; A
ND
In
clud
e ca
tch-
all l
angu
age
‘ass
ignm
ent’
lang
uage
(fo
r exa
mpl
e)
•To
the
exte
nt th
at ti
tle
to th
e [C
usto
m S
oftw
are]
doe
s no
t, b
y op
erat
ion
of
law
, ves
t in
[Clie
nt] o
r the
[Cus
tom
Sof
twar
e] is
not
con
side
red
wor
ks m
ade
for h
ire,
all
righ
t, ti
tle
and
inte
rest
ther
ein
are
here
by ir
revo
cabl
y as
sign
ed b
y [D
evel
oper
] to
[Clie
nt]
and
•[D
evel
oper
] has
or s
hall
obta
in a
ppro
pria
te w
ritt
en a
gree
men
ts fr
om a
ll of
its
resp
ecti
ve e
mpl
oyee
s an
d co
ntra
ctor
s, w
itho
ut li
mit
atio
n, a
nd e
xecu
ted
at o
r as
of t
he c
omm
ence
men
t of e
mpl
oym
ent o
r eng
agem
ent,
whi
ch a
gree
men
ts
shal
l req
uire
that
all
wor
ks o
f aut
hors
hip,
sof
twar
e, d
isco
veri
es a
nd
inve
ntio
ns c
reat
ed b
y an
y in
divi
dual
dur
ing
thei
r em
ploy
men
t or e
ngag
emen
t sh
all b
e pr
ompt
ly re
port
ed, f
ully
dis
clos
ed, a
nd a
ssig
ned
to [
Deve
lope
r].
Soft
war
e De
velo
pmen
t (an
d Ac
quis
itio
n); F
ree
and
Open
Sou
rce
Soft
war
e or
FOS
S
W
hat i
s it
?
•Ge
nera
lly –
Soft
war
e in
whi
ch, a
mon
g ot
her t
hing
s, th
e so
urce
cod
e is
mad
e av
aila
ble
to th
e pu
blic
; oth
ers
can
mod
ify, i
mpr
ove
and
inco
rpor
ate
the
code
into
oth
er w
orks
•M
uch
is fr
ee o
f cha
rge
–bu
t ‘fr
ee’ d
oes
not n
eces
sari
ly m
ean
free
of c
harg
e, ra
ther
, it i
mpl
ies
free
dom
of u
se
Open
Sou
rce
Soft
war
e or
FOS
S
FO
SS S
ubje
ct to
Var
ious
Sta
ndar
dize
d Li
cens
e Ag
reem
ents
•Th
ese
licen
ses
gove
rn h
ow u
sers
can
dis
trib
ute
the
FOSS
in
both
mod
ified
and
unm
odifi
ed fo
rms
•Ex
ampl
es in
clud
e:
•GP
L v.
2, G
PL v
.3
•LG
PL
•BS
D
•M
ozill
a
•Ap
ache
Open
Sou
rce
Soft
war
e or
FOS
S
W
hy S
houl
d it
be
a co
ncer
n?
•FO
SS is
ubi
quit
ous
•Co
mpa
ny v
alue
can
dep
end
on ‘c
lean
lines
s’ o
f IP
not o
nly
prot
ecti
on o
f IP
•In
the
cont
ext o
f M&
A, c
ompa
ny fu
ndin
g an
d pr
oduc
t re
leas
e, a
nd p
rodu
ct p
urch
ase
agre
emen
ts u
ncer
tain
ty c
an:
•Th
reat
en a
nd/o
r del
ay d
eal c
losu
re
•Af
fect
sof
twar
e IP
ow
ners
hip
(com
pany
val
uati
ons)
•Re
sult
in li
tiga
tion
Exam
ple
Asse
t Pur
chas
e Ag
reem
ent
So
ftw
are;
Com
pute
r Sys
tem
s.
(a
)(i
) Exc
ept a
s se
t for
th in
Sch
edul
e 2.
10(a
), th
e So
ftw
are
and
Docu
men
tati
on th
eref
or a
re
orig
inal
wor
ks o
f aut
hors
hip
sole
ly o
f Sel
ler,
(ii)
Sel
ler e
xclu
sive
ly o
wns
all
righ
t tit
le, a
nd
inte
rest
incl
udin
g, w
itho
ut li
mit
atio
n, a
ll pa
tent
, cop
yrig
ht, t
rade
sec
ret,
and
oth
er in
telle
ctua
l pr
oper
ty ri
ghts
in a
nd to
the
Soft
war
e, a
nd (
iii) n
o pa
tent
app
licat
ions
(or a
ny fo
reig
n eq
uiva
lent
s) h
ave
been
file
d by
Sel
ler,
or a
ny th
ird
part
y w
ith
resp
ect t
o an
y in
vent
ion
rela
ting
to
the
Soft
war
e, o
r any
par
t or d
eriv
ativ
e th
ereo
f.
(b
)W
itho
ut li
mit
ing
the
gene
ralit
y of
Sec
tion
2.1
0(a)
abo
ve, t
he S
oftw
are
does
not
co
ntai
n an
y Op
en S
ourc
e So
ftw
are
or o
ther
soft
war
e lic
ense
d fr
om a
thir
d pa
rty.
For
pur
pose
s he
reof
, “Op
en S
ourc
e So
ftw
are”
mea
ns s
oftw
are
that
is li
cens
ed o
r oth
erw
ise
mad
e av
aila
ble
purs
uant
to te
rms
that
, dir
ectl
y or
indi
rect
ly, a
s a
resu
lt o
f any
use
, inc
lusi
on, i
ncor
pora
tion
, co
mbi
nati
on o
r com
min
glin
g, o
f suc
h so
ftw
are
wit
h ot
her s
oftw
are
or a
ny d
eriv
ativ
e w
ork
base
d th
ereu
pon
(i) c
reat
es, o
r pur
port
s to
cre
ate,
obl
igat
ions
for,
or a
wai
ver o
f rig
hts
wit
h re
spec
t to,
su
ch o
ther
sof
twar
e or
any
der
ivat
ive
wor
k ba
sed
ther
eupo
n, a
nd/o
r (ii)
requ
ires
, or p
urpo
rts
to
requ
ire,
the
licen
sing
, dis
clos
ure
or d
istr
ibut
ion
of s
ourc
e co
de o
r exe
cuta
ble
vers
ions
of (
a)
soft
war
e, (b
) suc
h ot
her s
oftw
are,
(c) a
ny d
eriv
ativ
e w
ork
base
d up
on s
uch
soft
war
e or
suc
h ot
her s
oftw
are,
or (
d) a
ny li
cens
ing
term
s go
vern
ing
or in
form
atio
n re
lati
ng to
suc
h so
ftw
are.
Exce
rpt o
f Pur
chas
ing
T&Cs
from
Lar
ge A
eros
pace
Co.
Su
pplie
r sha
ll gi
ve B
uyer
at l
east
thir
ty (
30)
days
’ wri
tten
not
ice
if it
pro
pose
s to
in
corp
orat
e in
or u
se P
rodu
cts
in c
ombi
nati
on w
ith
any
open
-sou
rce
soft
war
e, w
here
upon
Bu
yer m
ay re
quir
e th
at S
uppl
ier,
as
soon
as
prac
tica
ble
and
in g
ood
fait
h:
•pr
ovid
es a
nd d
iscu
sses
wit
h Bu
yer a
ll re
ason
able
add
itio
nal i
nfor
mat
ion
conc
erni
ng th
e op
en-s
ourc
e so
ftw
are
incl
udin
g w
itho
ut li
mit
atio
n (e
xcep
t for
con
diti
ons
of
conf
iden
tial
ity)
the
type
, pro
pose
d us
e an
d lic
ense
term
s;
•di
scus
ses
wit
h Bu
yer a
ny n
egat
ive
pote
ntia
l eff
ects
upo
n th
e In
telle
ctua
l Pro
pert
y Ri
ghts
of
Buye
r’s
prod
ucts
; and
•ta
kes
such
act
ion
as m
ay b
e re
ason
ably
inst
ruct
ed b
y Bu
yer t
o m
inim
ize
any
such
neg
ativ
e ef
fect
s or
to re
mov
e an
d re
plac
e th
e op
en-s
ourc
e so
ftw
are.
Irre
spec
tive
of t
he a
bove
, Su
pplie
r sha
ll no
t use
ope
n-so
urce
sof
twar
e fo
r any
reas
on w
hats
oeve
r, if
Buy
er n
otifi
es
Supp
lier i
n w
riti
ng o
f its
obj
ecti
on to
suc
h us
e.
Open
Sou
rce
Com
plia
nce
/ Du
ties
Fo
ur E
ssen
tial
Ste
ps
•Pr
ovid
e ap
prov
al a
roun
d us
e of
FOS
S in
Pro
duct
s
•Ab
solu
tely
nec
essa
ry fo
r com
mer
cial
pro
duct
s
•Ad
vise
on
FOSS
Lic
ensi
ng
•Li
cens
e co
nflic
ts; I
P Is
sues
(pro
prie
tary
sof
twar
e)
•Re
view
and
App
rove
End
Use
r Doc
umen
tati
on
•So
urce
cod
e re
leas
e ob
ligat
ions
•Co
ntri
bute
/est
ablis
h Op
erat
ion
of F
OSS
Com
plia
nce
Open
Sou
rce
Com
plia
nce
/ Du
ties
Ar
eas
of P
ract
ical
Adv
ice
for Y
our D
evel
oper
s
•In
clus
ion
of F
OSS
into
Pro
prie
tary
(or
3d
part
y) s
oftw
are,
or
vica
ver
sa
•Li
nkin
g of
FOS
S in
to P
ropr
ieta
ry (
or 3
d pa
rty)
sof
twar
e, o
r vi
ca v
ersa
•In
tera
ctio
n M
etho
ds B
etw
een
Vari
ous
Soft
war
e Co
mpo
nent
s (p
ropr
ieta
ry, 3
d pa
rty,
FOS
S)
•Li
cens
e Ob
ligat
ions
Tha
t Mus
t be
Met
Usi
ng F
OSS
Com
pone
nts
Open
Sou
rce
Dilig
ence
FO
SS C
ompl
ianc
e M
ust B
e Ap
plie
d to
All
Prod
ucts
Dis
trib
uted
Ex
tern
ally
—H
ow C
an It
Sho
w U
p?
•So
ftw
are
Deve
lope
d In
tern
ally
•So
ftw
are
Deve
lope
d Ex
tern
ally
from
FOS
S Pr
ojec
ts
•So
ftw
are
Deve
lope
d Ex
tern
ally
by
a Th
ird
Part
y Su
pplie
r
•Re
quir
e De
velo
pers
to D
iscl
ose
FOSS
com
pone
nts;
app
licab
le
licen
ses
•M
odifi
cati
ons
to F
OSS
mad
e by
Sup
plie
rs
•De
pend
enci
es a
nd L
inka
ges
Open
Sou
rce
Dilig
ence
Di
scus
sion
s w
ith
Supp
lier’
s M
anag
ers
and
Tech
nolo
gy S
taff
M
ay R
evea
l Ori
enta
tion
and
Sen
siti
viti
es to
FOS
S Is
sues
Fu
ncti
onal
ity
Can
Prov
ide
Tips
•Co
mm
unic
atio
n Pr
otoc
ols;
net
wor
king
; Sec
urit
y; G
raph
ics;
M
appi
ng a
nd Im
agin
g; M
odel
ing
and
Sim
ulat
ion;
Dat
abas
e Te
chno
logy
—H
ighe
r Lik
elih
ood
of F
OSS
Ex
amin
atio
n of
Sou
rce
Code
(Sc
anni
ng)
and
Exam
inat
ion
of
Supp
lier’
s Ow
n FO
SS C
ompl
ianc
e ar
e Co
mpl
imen
tary
FOSS
Dili
genc
e Se
rvic
es a
nd T
ools
FOSSology
Lice
nse
and
Deve
lopm
ent A
gree
men
t; R
epre
sent
atio
ns a
nd
War
rant
ies
W
hat d
oes
the
licen
see/
Vend
ee
wan
t?
•Ow
ners
hip
and/
or C
ontr
ol
•N
o ot
her l
icen
ses
(pas
t & fu
ture
)
•N
o kn
own
ongo
ing
infr
inge
men
t of
licen
sor’
s ri
ghts
•Ex
erci
se o
f rig
hts
won
’t in
frin
ge
othe
r’s
righ
ts (
FOSS
dis
clos
ure
and
war
rant
ies)
•N
o ou
tsta
ndin
g or
ders
, jud
gmen
ts,
inju
ncti
ons
•Te
chno
logy
will
wor
k as
adv
erti
sed
(or
othe
rwis
e su
ffic
ient
)
•In
dem
nific
atio
n
W
hat d
oes
the
licen
sor/
deve
lope
r w
ant t
o gi
ve?
•N
OTH
ING
•N
o ot
her l
icen
ses
(pas
t & fu
ture
) [O
K]
•N
o kn
own
ongo
ing
infr
inge
men
t of
licen
sor’
s ri
ghts
[OK
]
•Ex
erci
se o
f rig
hts
won
’t in
frin
ge
othe
r’s
righ
ts [
ALW
AYS
AVOI
D AB
SOLU
TE IF
POS
SIBL
E]
•N
o ou
tsta
ndin
g or
ders
, jud
gmen
ts,
inju
ncti
ons
[OK]
•In
dem
nific
atio
n /
Econ
omic
s an
d Ch
arac
ter o
f Lic
ense
Conc
lusi
on
Id
enti
fied
som
e ke
y ch
arac
teri
stic
s an
d is
sues
ari
sing
in s
oftw
are
licen
sing
and
dev
elop
men
t tra
nsac
tion
s
Di
scus
sed
vari
ous
appr
oach
es a
nd p
itfa
lls a
ssoc
iate
d w
ith
thes
e is
sues
W
hat t
o ta
ke a
way
?
•Be
pre
cise
in p
repa
rati
on a
nd a
naly
sis
(Lot
s of
room
for p
robl
ems)
•Co
ntra
ct p
rinc
iple
s ap
ply
as w
ell a
s st
atut
ory
and
com
mon
law
go
vern
ing
subj
ect i
ntan
gibl
e pr
oper
ty ri
ghts
•De
velo
pmen
t Agr
eem
ents
are
oft
en c
ompl
ex a
gree
men
ts w
ith
pote
ntia
l for
hig
h ri
sk
•FO
SS is
sues
sho
uld
not b
e ig
nore
d
•Th
ese
agre
emen
ts c
an h
ave
mat
eria
l im
pact
on
valu
e of
the
com
pany
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