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In this presentation, Heather Meeker, a lawyer and venture capitalist specializing in open source software, addresses whether companies starting open source projects need a contribution agreement. She emphasizes the importance of understanding inbound and outbound licenses. For a project, copyrights in the code must be managed, as most code is contributed by others. Contributors must license their copyrights to the project. Meanwhile, recipients of the project must receive rights under the applicable open-source license. The rights granted from contributors to the project are termed as inbound licenses, crucial for ensuring legal clarity and compliance in open source projects.