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In this video, the importance of understanding open source software licenses is highlighted. The rights you have over the code are defined by the license attached to the software. Different licenses offer varying levels of permissions, from highly permissive to more restrictive. The most commonly used licenses for free and open source software are discussed, explaining the rights they grant you. Additionally, the video is sponsored by Linode, a platform that allows you to easily deploy your own Linux or gaming server with just a few clicks thanks to their app marketplace. Getting started with Linode is simple and suitable for both development environments and personal use.