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You almost never own software; you lease the right to use it. You may have perpetual (permanent) rights to use it, but that’s not the same as ownership.
Software license agreements, with few exceptions, include terms and conditions in 10 broad areas.
Source code is the set of programmatic statements created in a structured (programming) language by developers, permitting software to execute intended functions. Object code is the output of a compiler after it processes source code.
It seems obvious that a contract for software, or any product or service, should clearly identify what is covered under the agreement.