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In this presentation, Heather Meeker, a lawyer and venture capitalist specializing in open source software, addresses the question of whether a contribution agreement is necessary for companies starting open source projects. She emphasizes the importance of understanding inbound and outbound licenses. To run an open source project, you must exercise copyrights in the code, most of which comes from contributors. It's essential to secure licenses for these copyrights from contributors, referred to as an inbound license. Meanwhile, recipients of the project need rights under the applicable open-source license, which constitutes the outbound license. Understanding these concepts is crucial for effective project management.