diff --git a/LICENSE b/LICENSE
index 1110bec..f1083af 100644
--- a/LICENSE
+++ b/LICENSE
@@ -1,5 +1,24 @@
-(c) IDS Mannheim
-This package may be copied, modified, distributed, and/or redistributed under
-the terms of Perl Artistic Licence 2.0 (the Licence). However, *if you make
-any modifications to the source code, please make these modifications available
-to us under the same Licence (according to point 4(a) of the Licence).* 
\ No newline at end of file
+Copyright (c) 2015, IDS Mannheim
+All rights reserved.
+
+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.
+
+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 HOLDER 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.
\ No newline at end of file
diff --git a/README.md b/README.md
index f4f9e90..29f270f 100644
--- a/README.md
+++ b/README.md
@@ -118,7 +118,7 @@
 
 ## License
 
-Koral is published under the Perl [Artistic License](http://opensource.org/licenses/artistic-license-2.0).
+Koral is published under the BSD-2 License.
 See also the attached LICENSE.
 
 The [ANNIS grammar](https://github.com/korpling/ANNIS/tree/develop/annis-service/src/main/antlr4/annis/ql) is licensed under the Apache License 2.0.