Software functionality is not copyrightable

Great news.

The EU Court of Justice has ruled that one can’t copyright a computer program’s functionality. Further, they state: “The purchaser of a licence for a program is entitled, as a rule, to observe, study or test its functioning so as to determine the ideas and principles which underlie that program.”

Here is the article on Groklaw:
http://www.groklaw.net/article.php?story=20120502083035371

 

About Alluve

Alluve develops and markets software solutions for assessing risks on the portfolios of financial derivatives. Our product, Alluve MarketSimulator, uses Monte-Carlo simulation to calculate risk measures, such as value at risk (VaR) and exposure at default (EAD).
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