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Eric Raymond and Bruce Perens jointly founded OSI in late February 1998, with Raymond being its first president. The Open Source Initiative (OSI) is a California public benefit corporation, with 501(c) 3 tax-exempt status. Open source is a development method for software that harnesses the power of distributed peer review and transparency of process.

The Open Source Initiative (OSI) is a non-profit corporation formed to educate about and advocate for the benefits of open source and to build bridges among different constituencies in the open-source community.

Considering the recent trend of changing licensing agreement in the industry, one really wonders what happens incase the project built with an open-source library, changes its license to something which is not very easy to work with?

Discussing the same dilemma, Rick Ross in his recent blog entry has raised some questions pertaining to the risk factor involved with these changing Operating systems license.

By switching from a “nearly LGPL” license to the GPL v3, popular open source Javascript library, Ext-JS, seems to align Ext with a dual-licensing model popular among commercial open source offerings, but some Ext users often feel left in the lurch.

The original developer, Jack Slocum, in his blog “Disappointing”, has explained how Ext JS started as a passion and love for his work and then later had to become commercial in order to continue.

Andrew McVeigh while replying on the issue wrote, “Vendor lock-in and the abuse of the power is a common feature of the commercial world too. To look at the other side of the coin though, changing the license terms is often a matter of commercial survival, rather than a base need to extract the maximum amount of money from clients”.