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In this presentation, attorney and venture capitalist Heather Meeker addresses the question of whether companies starting open source projects need a contribution agreement. She emphasizes the importance of understanding inbound and outbound licenses. To manage an open source project, copyright in the code must be exercised, and most code is sourced from contributors. It's essential to obtain licenses from contributors to the project, referred to as inbound licenses. Simultaneously, recipients of the project must acquire rights under the applicable open-source license, known as outbound licenses. Understanding these concepts is crucial for effectively running an open source project.