Hell. I just clicked the 'fork' button. Where's my cease and desist?
Open Source need not be free as in beer, nor as in freedom.
We have discovered that there is virtually no chance that the U.S. Patent and Trademark Office would register the mark "open source"; the mark is too descriptive. Ironically, we were partly a victim of our own success in bringing the `open source' concept into the mainstream.
https://news.slashdot.org/story/99/06/17/0213251/esr-on-the-...
"Open source" as a term or development methodology is older than both the OSI definition and the Debian manual it is based on.
"Initially, we looked at common static image formats such as PNG sequences and GIFs, as well as even more compressed formats like WebP. It quickly became clear that these wouldn't work without drastically simplifying the animations for file size, and that we'd have to accept the drawback of static images not scaling up or down very well."
So, reading between the lines, they've made what they think is a better GIF. And perhaps it is, and if so, that's big business[1], and so having a first-mover advantage on mobile could be highly profitable. (They're a public A-corporation, after all.)
But who knows; I could be reading too far into it or just flat-out wrong, too!
[1] http://www.popularmechanics.com/technology/a21457/the-gif-is...
Keyframes competes with animated SVGs, but not GIF/APNG/WebP.
Software = Keyframes software.
Your Software = Whatever you are releasing.
So basically they are saying you can't redistribute just the Keyframes software library by itself. Which also means, if I understand this right, you can't fork it and modify it either.
I agree however, not a good license.