> You may make production use of the Licensed Work, provided such use does not include offering the Licensed Work to third parties on a hosted or embedded basis

> You may make production use of the Licensed Work, provided such use does not include offering the Licensed Work to third parties on a hosted or embedded basis which is competitive with HashiCorp's products. > A “competitive offering” is a product that is sold to third parties, including through paid support arrangements, that significantly overlaps the capabilities of a HashiCorp commercial product. We all get what they're trying to do. The bad thing is that this isn't only overly broad, but a moving target. I looked at HashiCorp's product page, and they're building up a wide portfolio of IaaS tools. Those are such fundamental tools that even if you're not a cloud provider at all, you're likely to have an overlap in "capabilities" at some point. IMO, IANAL and all that, that's a significant business risk for anyone using Terraform, for any purpose.