diff --git a/README.md b/README.md
index 7637fb7e..1fe4af22 100644
--- a/README.md
+++ b/README.md
@@ -7,8 +7,6 @@ Project mission is to provide easy to use, powerful, embeddable web server.
 Mongoose keeps the balance between functionality and
 simplicity by carefully selected list of features:
 
-- Liberal, commercial-friendly
-  [MIT license](http://en.wikipedia.org/wiki/MIT_License)
 - Works on Windows, Mac, UNIX, iPhone, Android, and many other platforms
 - Scripting and database support (Lua Server Pages + Sqlite, see
   [page.lp](https://github.com/valenok/mongoose/blob/master/test/page.lp) ),
@@ -42,10 +40,13 @@ mailing list.
 [![ ](https://cruel-carlota.pagodabox.com/2a613890c1f4b60e5919a9c1dd3caca2 "githalytics.com")](http://githalytics.com/valenok/mongoose)
 
 
-# Author
+# License
 
-I am Sergey Lyubka, a software engineer from Galway, Ireland. I started
-working on Mongoose in 2004, and since then continuously improve it,
-investing thousands of hours of work. My other project I'm contributing to the
-community for free is
-[Super Light Regular Expression library](http://code.google.com/p/slre).
+Mongoose is dual-licensed. It is available under the terms of
+[GNU GPL v.2](http://www.gnu.org/licenses/old-licenses/gpl-2.0.html) license
+license for free, or under the terms of standard commercial license provided
+by [Cesanta Software](http://cesanta.com).
+
+[Super Light Regular Expression library](https://github.com/cesanta/slre) is
+another project developed by the same developer, under the same philosophy
+of functionality and simplicity.