By now, companies and legal practitioners alike are growing comfortable with the risks and rewards presented by the free and open source software ("OSS") movement. M&A lawyers have revised their due diligence checklists, representations and warranties language, and indemnity parameters. Software development companies have carefully drafted and adopted policies relating to procurement and incorporation of third party code, and routinely audit their proprietary software products for compliance with these policies. Right? Well, in case you have been preoccupied mulling over business problems, examining opportunities, exchanging rumors, and spreading gossip; this article provides a few helpful tips to make commercial transactions involving OSS more palatable, and perhaps more profitable. But first, a quick recap on why OSS Compliance is important.
Open Source Compliance Issues
Representations and Warranties
OSS Procurement and Use Policies
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