No - yet again - the Diku licence is not a contract. The Diku team's case would be that Medievia is infringing their copyright. To which Medievia has only two possible responses:
1. They admit that they are indeed infringing the Diku copyright, or:
2. They hold up the Diku licence, and try to claim that it gives them permission to use the code in the way they've used it.
The question then becomes, does the Diku licence allow Medievia to use the Diku code in the way they've used it? The answer, quite clearly, is no - even ignoring the controversial "profit" part, there's no getting around the fact that Medievia has stripped out the credits and copyright notices.
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