Shared source is an umbrella term covering some of Microsoft's legal mechanisms for software source code distribution. Microsoft's Shared Source Initiative, launched in May 2001, includes a spectrum of technologies and licenses. Most of its source code offerings are available for download after eligibility criteria are met.
The licenses associated with the offerings range from being closed-source, allowing only viewing of the code for reference, to allowing it to be modified and redistributed for both commercial and non-commercial purposes.
Read more about Shared Source: Overview, Criticism, Open-source Licenses, Restricted Licenses
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