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Nick explains that not all open source software is the same, as the rights you have are defined by the license attached to the software. Some licenses are more permissive while others are more restrictive. He discusses the most commonly used licenses for free and open source software and the rights they grant you. The video is sponsored by Linode, which offers $100 to set up a Linux or gaming server. Linode makes it easy to deploy a server with their app marketplace, allowing you to choose from various apps and configuration options with just one click.