People will offer you obfuscators, but no amount of obfuscation can prevent someone from getting at your code. None. If your computer can run it, or in the case of movies and music if it can play it, the user can get at it. Even compiling it to machine code just makes the job a little more difficult. If you use an obfuscator, you are just fooling yourself. Worse, you're also disallowing your users from fixing bugs or making modifications.
Music and movie companies haven't quite come to terms with this yet, they still spend millions on DRM.
In interpreted languages like PHP and Perl it's trivial. Perl used to have lots of code obfuscators, then we realized you can trivially decompile them.
perl -MO=Deparse some_program
PHP has things like DeZender and Show My Code.
My advice? Write a license and get a lawyer. The only other option is to not give out the code and instead run a hosted service.
See also the perlfaq entry on the subject.