By Marguerite McConihe and Greg Penoyer (July 19, 2022, 6:00 PM EDT) — Used properly, open source software is an excellent tool. It saves your business time and money, enables interoperability of product platforms, and developers love it.
But used improperly, it can be financially and operationally devastating. For example, the statutory damages for failure to properly adhere to the open source software copyright notice can be up to $150,000 per act of infringement.
Those damages can quickly add up to serious consequences, whether preventing a sale or merger of your company or the destruction of the value of the affected products.
Another serious risk is that once open source software is used in…