Comment by preisschild
16 hours ago
While that is certainly better, the original point still stands. If the company goes bust the latest source code will only be open source after 4 years. By that time other software has likely taken over the need in the first place, because not having that need fulfilled for 4 years is mostly not reasonable. And older versions often don't have compatibility with new versions either.
A bankrupt company will try to sell the rights to the software. If nobody buys it, and it's completely written off the balance sheet, then most likely they will just flip to an open source license ahead of schedule.
And if they don't, 4 years isn't that long to wait for something that nobody wanted to buy in a fire sale anyway. Especially if you're free to use it the entire time, just not resell it.