I was a bit at odds when I saw a framework with a GPL v2 license that
claims that the developed code doesn't need to be GPL v2 compatible.

Has this scenario been looked over by a lawyer? Any such document would
enable us to put customers at ease.

We have used CakePHP for our PHP projects for years now and license was
never an issue (MIT license). But with web2py, customers always bring
this up when the application needs to be closed source. And there isn't
much we can tell them other than they should read the site and decide
for themselves.

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