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(This text is stolen from the Texinfo manual, Edition 4.0).
The programs currently being distributed that relate to preview-latex include lisp files for Emacs and style files for LaTeX. These programs are free; this means that everyone is free to use them and free to redistribute them on a free basis. The preview-latex related programs are not in the public domain; they are copyrighted and there are restrictions on their distribution, but these restrictions are designed to permit everything that a good cooperating citizen would want to do. What is not allowed is to try to prevent others from further sharing any version of these programs that they might get from you.
Specifically, we want to make sure that you have the right to give away copies of the programs that relate to preview-latex, that you receive source code or else can get it if you want it, that you can change these programs or use pieces of them in new free programs, and that you know you can do these things.
To make sure that everyone has such rights, we have to forbid you to deprive anyone else of these rights. For example, if you distribute copies of the preview-latex related programs, you must give the recipients all the rights that you have. You must make sure that they, too, receive or can get the source code. And you must tell them their rights.
Also, for our own protection, we must make certain that everyone finds out that there is no warranty for the programs that relate to preview-latex. If these programs are modified by someone else and passed on, we want their recipients to know that what they have is not what we distributed, so that any problems introduced by others will not reflect on our reputation.
The precise conditions of the licenses for the programs currently being distributed that relate to preview-latex are found in the General Public Licenses that accompany them.