diff --git a/LICENSE.txt b/LICENSE.txt
index 51cae7dc6..cdc8372a6 100644
--- a/LICENSE.txt
+++ b/LICENSE.txt
@@ -1,43 +1,28 @@
-NifTK Software library, Release @NIFTK_VERSION_STRING@, (the "Software").
+Copyright (c) 2018, University College London
+All rights reserved.
 
-@NIFTK_COPYRIGHT@
+Redistribution and use in source and binary forms, with or without 
+modification, are permitted provided that the following conditions are met:
 
-1. This Software is not for public use or widespread distribution.
-   All uses of the Software must be approved by Professor 
-   Sebastien Ourselin (s.ourselin@ucl.ac.uk). Members of the 
-   Centre For Medical Image Computing (CMIC) at UCL, who have 
-   ready access to the software are free to install and use the 
-   software for their own personal use, subject to the terms 
-   described below. All other users are kindly requested to first 
-   contact Professor Ourselin to discuss their requirements. The 
-   subsequent use of the Software is subject to the terms 
-   described below.
+1. Redistributions of source code must retain the above copyright 
+   notice, this list of conditions and the following disclaimer.
 
-2. No part of the Software may be reproduced, modified, 
-   transmitted or transferred in any form or by any means, 
-   electronic or mechanical, without the express permission of 
-   Prof. Ourselin.
+2. Redistributions in binary form must reproduce the above copyright notice, 
+   this list of conditions and the following disclaimer in the documentation 
+   and/or other materials provided with the distribution.
 
-3. The Software may be used solely for non-commercial, academic 
-   research purposes. 
-
-4. The Software may not be used for, or in relation to, 
-   patient management.
-
-5. THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS 
-   AND CONTRIBUTORS "AS IS" AND ANY EXPRESS OR 
-   IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, 
-   THE IMPLIED WARRANTIES OF MERCHANTABILITY AND 
-   FITNESS FOR A PARTICULAR PURPOSE ARE DISCLAIMED. 
-   IN NO EVENT SHALL THE COPYRIGHT HOLDER OR 
-   CONTRIBUTORS BE LIABLE FOR ANY DIRECT, INDIRECT, 
-   INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL 
-   DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT 
-   OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATA, 
-   OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER 
-   CAUSED AND ON ANY THEORY OF LIABILITY, WHETHER IN 
-   CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING 
-   NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF 
-   THE USE OF THIS SOFTWARE, EVEN IF ADVISED OF THE 
-   POSSIBILITY OF SUCH DAMAGE.
+3. Neither the name of the copyright holder nor the names of its contributors 
+   may be used to endorse or promote products derived from this software 
+   without specific prior written permission.
 
+THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS AND CONTRIBUTORS "AS IS" 
+AND ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, THE 
+IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE 
+ARE DISCLAIMED. IN NO EVENT SHALL THE COPYRIGHT HOLDER OR CONTRIBUTORS BE 
+LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR 
+CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF 
+SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATA, OR PROFITS; OR BUSINESS 
+INTERRUPTION) HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, WHETHER IN 
+CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) 
+ARISING IN ANY WAY OUT OF THE USE OF THIS SOFTWARE, EVEN IF ADVISED OF THE 
+POSSIBILITY OF SUCH DAMAGE.