diff --git a/LICENCE.md b/LICENSE
similarity index 100%
rename from LICENCE.md
rename to LICENSE
diff --git a/README.md b/README.md
index 43061378..0c4f4792 100644
--- a/README.md
+++ b/README.md
@@ -30,7 +30,7 @@ Additional details on using the CLI can be found in the [CLI documentation](http
 Official documentation is hosted at [Cocos official docs page][docs]. Documentation is auto-generated, checkout the instructions on [official docs repository](https://github.com/ultravioletrs/docs).
 
 ## License
-Cocos AI is a proprietary product created by Ultraviolet company.
+Cocos AI is published under permissive open-source [Apache-2.0](LICENSE) license.
 
 [cc]: https://confidentialcomputing.io/white-papers-reports/
 [cocos]: https://cocos.ai/