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Bill Gates and Paul Allen Sign a Contract to License Their Software
In 1975, Bill Gates and Paul Allen are about to sign a contract with Ed Roberts. They're about to license their software, the first personal computer software ever created. Robert's goes over the terms one more time: You'll receive royalties for each copy of Basic Sold. MITS will get an exclusive worldwide license to the program for ten years. When that happens, neitherMITS nor micro-soft receives a penny. The two companies go into arbitration to settle their dispute.