diff --git a/README b/README
index 9c6be85d9..18a7685f2 100644
--- a/README
+++ b/README
@@ -1,19 +1,72 @@
-wpa_supplicant and hostapd v0.6.x
----------------------------------
+wpa_supplicant and hostapd
+--------------------------
 
-Copyright (c) 2002-2007, Jouni Malinen <j@w1.fi> and contributors
+Copyright (c) 2002-2010, Jouni Malinen <j@w1.fi> and contributors
 All Rights Reserved.
 
-These program is dual-licensed under both the GPL version 2 and BSD
-license. Either license may be used at your option.
+These programs are dual-licensed under both the GPL version 2 and BSD
+license (the one with advertisement clause removed). Either license
+may be used at your option.
 
 
 This package may include either wpa_supplicant, hostapd, or both. See
 README file respective subdirectories (wpa_supplicant/README or
 hostapd/README) for more details.
 
-Source code files have been moved around in v0.6.x releases and
-compared to earlier releases, the programs are now build by first
-going to a subdirectory (wpa_supplicant or hostapd) and creating
-build configuration (.config) and running 'make' there (for
-Linux/BSD/cygwin builds).
+Source code files were moved around in v0.6.x releases and compared to
+earlier releases, the programs are now built by first going to a
+subdirectory (wpa_supplicant or hostapd) and creating build
+configuration (.config) and running 'make' there (for Linux/BSD/cygwin
+builds).
+
+
+License
+-------
+
+GPL v2:
+
+This program is free software; you can redistribute it and/or modify
+it under the terms of the GNU General Public License version 2 as
+published by the Free Software Foundation.
+
+This program is distributed in the hope that it will be useful,
+but WITHOUT ANY WARRANTY; without even the implied warranty of
+MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+GNU General Public License for more details.
+
+You should have received a copy of the GNU General Public License
+along with this program; if not, write to the Free Software
+Foundation, Inc., 51 Franklin St, Fifth Floor, Boston, MA  02110-1301  USA
+
+(this copy of the license is in COPYING file)
+
+
+Alternatively, this software may be distributed, used, and modified
+under the terms of BSD license:
+
+Redistribution and use in source and binary forms, with or without
+modification, are permitted provided that the following conditions are
+met:
+
+1. Redistributions of source code must retain the above copyright
+   notice, this list of conditions and the following disclaimer.
+
+2. Redistributions in binary form must reproduce the above copyright
+   notice, this list of conditions and the following disclaimer in the
+   documentation and/or other materials provided with the distribution.
+
+3. Neither the name(s) of the above-listed copyright holder(s) nor the
+   names of its contributors may be used to endorse or promote products
+   derived from this software without specific prior written permission.
+
+THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS AND CONTRIBUTORS
+"AS IS" AND ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT
+LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR
+A PARTICULAR PURPOSE ARE DISCLAIMED. IN NO EVENT SHALL THE COPYRIGHT
+OWNER OR CONTRIBUTORS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL,
+SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT
+LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE,
+DATA, OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER CAUSED AND ON ANY
+THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT
+(INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE
+OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.