diff --git a/license.txt b/license.txt
index 49dd0a815f..8fe3f97915 100644
--- a/license.txt
+++ b/license.txt
@@ -1,17 +1,21 @@
-License Agreement for OneDev Source Code
+The MIT License
 
-This is a legal agreement between you and OneDev Pty covering your 
-use of OneDev source code (the "Source").  Be sure to read the 
-following agreement before using the Source.  BY USING THE SOURCE,
-YOU ARE AGREEING TO BE BOUND BY THE TERMS OF THIS AGREEMENT.IF YOU 
-DO NOT AGREE TO THE TERMS OF THIS AGREEMENT, DO NOT USE THE SOURCE 
-AND DESTROY ALL COPIES IN YOUR POSSESSION.  
+Copyright (c) 2018 OneDev Pty
 
-The Source is owned by OneDev Pty and is protected by international 
-treaty provisions.  Therefore, you must treat the Source like any 
-other copyrighted material (e.  g., a book or musical recording).  
+Permission is hereby granted, free of charge, to any person obtaining a copy
+of this software and associated documentation files (the "Software"), to deal
+in the Software without restriction, including without limitation the rights
+to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
+copies of the Software, and to permit persons to whom the Software is
+furnished to do so, subject to the following conditions:
 
-You may not redistribute the Source, or make any software competing 
-with OneDev based on the Source. 
+The above copyright notice and this permission notice shall be included in
+all copies or substantial portions of the Software.
 
-Copyright (C) 2016-2018 by OneDev Pty All rights reserved.
\ No newline at end of file
+THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
+OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
+THE SOFTWARE
\ No newline at end of file