diff --git a/LICENSE b/LICENSE
new file mode 100644
index 0000000..b21a9fd
--- /dev/null
+++ b/LICENSE
@@ -0,0 +1,14 @@
+Peony Educational License
+
+All source code is (c) 2020-2022 Vlad-Stefan Harbuz, unless otherwise specified.
+All rights are reserved.
+
+You are granted a personal, non-assignable, non-transferable, non-commercial
+license to use the source code for your own personal educational purposes. Any
+other use, including any redistribution in whole or in part, requires explicit,
+written permission from the copyright holder.
+
+This software is provided "as is" without warranty of any kind, either express
+or implied, including without limitation any implied warranties of condition,
+uninterrupted use, merchantability, fitness for a particular purpose, or
+non-infringement.
diff --git a/LICENSE.txt b/LICENSE.txt
deleted file mode 100644
index c0dcb06..0000000
--- a/LICENSE.txt
+++ /dev/null
@@ -1,9 +0,0 @@
-All of the source code in the Peony Game Engine is Copyright 2020 by Vlad-Stefan Harbuz,
-unless otherwise specified. All rights are reserved. You are granted a personal,
-non-assignable, non-transferable, non-commercial license to use the source code for your
-own personal educational purposes. Any other use, including any redistribution in whole
-or in part, requires explicit, written permission from Vlad-Stefan Harbuz.
-
-The Peony Game Engine is provided "as is" without warranty of any kind, either express or
-implied, including without limitation any implied warranties of condition, uninterrupted
-use, merchantability, fitness for a particular purpose, or non-infringement.
diff --git a/README.md b/README.md
index 5ce712a..52f1e54 100644
--- a/README.md
+++ b/README.md
@@ -110,14 +110,8 @@ make run
 Peony should compile and run fine on Windows, macOS and Linux. However, macOS support
 might be a bit flaky.
 
-## Peony Game Engine License
+## License
 
-All of the source code in the Peony Game Engine is Copyright 2020 by Vlad-Stefan Harbuz,
-unless otherwise specified. All rights are reserved. You are granted a personal,
-non-assignable, non-transferable, non-commercial license to use the source code for your
-own personal educational purposes. Any other use, including any redistribution in whole
-or in part, requires explicit, written permission from Vlad-Stefan Harbuz.
-
-The Peony Game Engine is provided "as is" without warranty of any kind, either express or
-implied, including without limitation any implied warranties of condition, uninterrupted
-use, merchantability, fitness for a particular purpose, or non-infringement.
+This project is licensed under a restrictive license. You are free to use the
+source code only for personal, educational, non-commercial purposes. The full
+license is included.