No, no, a thousand times no. "Licensor further warrants to oneforty and its Customers and Sublicensees that the Licensed Item shall be free from defects in workmanship or design" Does OneForty understand that the "licensed item" is -software- and that software often contains bugs? Who determines what a "defect in design" is? OneForty? Me? Their lawyers?
"Licensor further warrants to oneforty and its Customers and Sublicensees that the Licensed Item shall not contain any information or content of whatever nature that is defamatory, obscene, indecent, pornographic, seditious, offensive, threatening, liable to incite racial hatred, blasphemous..." "Blasphemous"? Really? So if my code includes a comment that states "I can't make this goddamn thing work", I'm violation of the contract. "Offensive"? To whom? "Licensor shall maintain reasonable insurance" Insurance? I need to maintain insurance to claim my free, open-source Twitter client in OneForty's directory? "Licensor agrees that it will not use “oneforty”, “oneforty.com” or any other trademark held by oneforty in keyword meta tags or any pages of Licensor’s website or any website(s) owned or operated by Licensor." So, I can't have a link on my page that says "Check us out on OneForty!" or "We're listed on OneForty!" or "Post a review on OneForty!" Laura from OneForty has the best intentions, and I really believe that she wants to produce a developer-friendly community where everyone reaps benefits. That's great, and I applaud her for her efforts to make this work. This agreement (and the noxious one that preceded it) give me the impression that OneForty's lawyers have a fundamental ignorance of software, software development, and the internet in general.