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The MIT License is a permissive license that is short and to the point. It doesn’t include any warranties and lets people do anything they want with your code (with attribution back to you).
jQuery and Rails use the MIT License.
The Apache License is a permissive license similar to the MIT License, but also contains a patent license for any code that infringes on a contributor’s patents.
Apache, SVN, and NuGet use the Apache License.
The GPL (V2 or V3) is a reciprocal license that requires that folks who modify your code also license their changes under the GPL. V3 is similar to V2, but adds a restriction restricting use in hardware that forbids software alterations.
Linux and Git use the GPL.
What if none of these work for me or I want to retain all of my rights? More licenses are available.
What if I don't want to choose a license? You don't have to.