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First you really should look at the Open Source Initiative website - they are the best authority on what the licensing issues are. In particular, look at the page on licensing options: http://opensource.org/licenses/index.html
There are four main licenses that are used for Open Source software - to take the quick route, you might want to just select one of these:
The super-quick route is to just specify 'GNU General Public License (GPL)'. This is the oldest and most common.
You MUST specify a license
when you submit your software. Just stating 'freeware' or 'shareware' isn't
last updated: May 15, 2001
theory.html license alternatives and the Copying-Policy line