From the official example from http://bower.io/docs/creating-packages/#bowerjson
Inside bower.json file they have:
"authors": [
"Betty Beta <[email protected]>"
],
"license": "MIT",
Why is this necessary, and will there be any legal implications if we change our release later on, and forget to change this later?
If you don't change the license, then you're all set. You can change the code and distribute it, and even sell it.
It's not a long licence, just read it, it will take you 30 seconds. MIT license