This document provides an overview of open source software obligations and management. It discusses what open source software is, licensing types and compliance obligations, case studies on financial and M&A due diligence, and how to establish a baseline and gain approval for open source package usage. Automated tools are recommended for accurately tracking open source components, licenses, and security vulnerabilities across the development lifecycle. Presenters from legal and consulting firms discuss open source legal risk and best practices for adoption and compliance.