Today, open source software is widely accepted as a key aspect of any company IT strategy, as well as a key factor in the business strategy of any technology company. It also challenges in-house counsel in new and unique ways. Traditional corporate practices are not effective in managing the use and procurement of open source. Companies need new policies and practices to allow them to take advantage of the benefits, while protecting against the risks. This panel addressed open source in very practical day-to-day terms—from managing the use and distribution of open source in IT and development organizations, to evaluating its impact on company patent strategies.