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That's an incredibly tough sell, particularly for software. Who is it that should "require" these specifications, and in what context? Can I still put my scrappy code on Github for anyone to look at? Am I breaking the law by unwittingly leaving in a bug?

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Yes, but you wouldn't be able to sell it to a consumer.

They way I imagine it: no sales of this kind of thing to ordinary people, only to sophisticated entities who be expected to deal with the incompletely specified source code, so if a software firm wants to buy it that's fine, but you can't shrink wrap it and sell it to an ordinary person.

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