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"If I single handedly write a piece of SW that does "X" and sell it to Yahoo. Can I then make a new site / app that dose "X"?"

Quite often part of the purchase agreement is that you won't build a competitor to X for a certain number of years. Sometimes they go as far as not competing with the acquirer at all for that duration.

And if you use code that was included as part of the purchase, you're playing with fire.



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