diff --git a/LICENSE b/LICENSE
new file mode 100644
index 000000000..a47c572e6
--- /dev/null
+++ b/LICENSE
@@ -0,0 +1,42 @@
+COPYRIGHT NOTICE
+
+© Copyright 2018 Advanced Algos LTD.
+
+
+LICENSE NOTICE
+
+Advanced Algos LTD. is a startup, currently at a very early stage. Because certain aspects of 
+the business are still not clearly defined, we have chosen to --temporarily-- grant a 
+restrictive license for the use of this module, until those business aspects are clarified 
+and a proper open source license can be granted.
+
+Advanced Algos LTD. is publishing the code of this software for several reasons. However, 
+it shall not be considered free software yet. Advanced Algos LTD. is a for-profit company 
+in the crypto space and this module is still proprietary software.
+
+The reasons for opening up the code of AACloud at this stage are the following:
+
+  * We believe that transparency is paramount to achieving our goals, so we want everyone 
+    to be able to understand what this module does and how. Opening up the code of this module allows 
+    anyone to take a close look.
+
+  * We welcome contributions from the community. Contributions are compensated on a case 
+    by case basis with ALGO tokens. Contributions are deemed _work for hire_ and contributors 
+    agree to provide an express grant of patent rights for their contributions.
+
+
+LICENSE WORDING
+
+Advanced Algos LTD. grants a limited license for the following uses:
+
+1. CODE REVIEW AND AUDITS. You are granted permission to clone the AACoud repository to analyze, 
+   review or audit the code.
+
+2. COLLABORATING WITH ADVANCED ALGOS LTD. You are granted permission to fork the this module repository 
+   with the sole purpose of correcting bugs and developing functionality in agreement with 
+   Advanced Algos LTD. Before your contributions are merged into our repository, you will be requested 
+   to sign a Contributors Work for Hire Agreement.
+
+PLEASE SEE CONTRIBUTING.MD FOR MORE DETAILS ON THE IMPLICATIONS SURROUNDING YOUR CONTRIBUTIONS TO THIS REPOSITORY.
+
+