Thank you Federico, but what I meant to ask is am I allowed to do these changes for commercial deployments... I will edit my question accordingly. I have read the AGPLv3 license, but I could not understand if these changes are legal or not.

I'm not sure, better wait some "reseller" user. ;)

Hmm I don't think it should be a problem really.. Why not contact sales@odoo.com and just ask them? They're the only one that can tell this for sure I guess.

Yes, that is probably the best thing to do. Thanks Yenthe.

Odoo license is hell, Owner initially twitted he keep as GPL, but he had removed it, now as openerp become popular and to avoid dirty comment on openerp, new name odoo and now license is also changed. In term to reseller odoo not useful, interm to give to customer you just branding odoo only. http://www.sorryopenerp.com Also Odoo become hell on VPS & slow down performance of usage, just for local desk it good. But do not care much, remove logo and footer as client request to remove those. take advice of freelancers....

Also odoo no more such responding to users in github or launchpad for issue or bugs, their product is ready and at better buggy level now no need world who enhance odoo from many bugs.