diff --git a/LICENSE b/LICENSE
new file mode 100644
index 000000000..de0d0b009
--- /dev/null
+++ b/LICENSE
@@ -0,0 +1,48 @@
+COPYRIGHT NOTICE
+
+© Copyright 2018 Advanced Algos
+
+
+LICENSE NOTICE
+
+Advanced Algos 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 AACloud, until those business aspects are clarified 
+and a proper open source license can be granted.
+
+Advanced Algos is publishing the code of this software for several reasons. However, 
+it shall not be considered free software yet. Advanced Algos is a for-profit company 
+in the crypto space and AACloud 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 AACloud does and how. Opening up the code of AACloud 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.
+
+  * We wish the community to be able to create their own bots running on AACloud, thus we grant
+    a development and testing license so that developers can test their bots in their local 
+    environment.
+
+
+LICENSE WORDING
+
+Advanced Algos 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. You are granted permission to fork the AACloud repository 
+   with the sole purpose of correcting bugs and developing functionality in agreement with 
+   Advanced Algos. Before your contributions are merged into our repository, you will be requested 
+   to sign a Contributors Work for Hire Agreement.
+
+3. DEVELOPMENT AND TESTING OF TRADING BOTS. You are granted permission to clone the AACloud 
+   repository and use the software in your local environment to develop and test trading bots.
+
+
+
diff --git a/README.md b/README.md
index a4aa9c338..9b19c3379 100644
--- a/README.md
+++ b/README.md
@@ -19,3 +19,7 @@ If you are interested in coding your own crypto trading bots and eventually part
 * [Introduction](https://github.com/AdvancedAlgos/Documentation/wiki)
 * [Getting Started Guide](https://github.com/AdvancedAlgos/Documentation/wiki/Overview)
 * [Best Practices](https://github.com/AdvancedAlgos/Documentation/wiki/Bot's-README-Files)
+
+## Copyright and License Notice
+
+© Copyright 2018 Advanced Algos. Please see the [AACloud License](/LICENSE) for information on how you can use this software.