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Nick discusses the importance of understanding the rights attached to open source software, which are defined by the license. Not all licenses grant the same level of rights over the code, with some being more permissive and others more restrictive. He goes on to explore common licenses for free and open source software and the rights they offer. The video is sponsored by Linode, which provides easy deployment of Linux or gaming servers through their app marketplace. Starting is simple with configuration options and one-click deployment.