diff --git a/LICENSE b/LICENSE
index 8079ee05b3..076177a497 100644
--- a/LICENSE
+++ b/LICENSE
@@ -1,8 +1,5 @@
 BSD 3-Clause License
 
-This project is licensed under the terms of the Modified BSD License
-(also known as New or Revised or 3-Clause BSD), as follows:
-
 - Copyright (c) 2001-2015, IPython Development Team
 - Copyright (c) 2015-, Jupyter Development Team
 
@@ -18,7 +15,7 @@ modification, are permitted provided that the following conditions are met:
    this list of conditions and the following disclaimer in the documentation
    and/or other materials provided with the distribution.
 
-3. Neither the name of the Jupyter Development Team nor the names of its
+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.
 
@@ -32,31 +29,3 @@ 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.
-
-## About the Jupyter Development Team
-
-The Jupyter Development Team is the set of all contributors to the Jupyter project.
-This includes all of the Jupyter subprojects.
-
-The core team that coordinates development on GitHub can be found here:
-https://github.com/jupyter/.
-
-## Our Copyright Policy
-
-Jupyter uses a shared copyright model. Each contributor maintains copyright
-over their contributions to Jupyter. But, it is important to note that these
-contributions are typically only changes to the repositories. Thus, the Jupyter
-source code, in its entirety is not the copyright of any single person or
-institution. Instead, it is the collective copyright of the entire Jupyter
-Development Team. If individual contributors want to maintain a record of what
-changes/contributions they have specific copyright on, they should indicate
-their copyright in the commit message of the change, when they commit the
-change to one of the Jupyter repositories.
-
-With this in mind, the following banner should be used in any source code file
-to indicate the copyright and license terms:
-
-```
-# Copyright (c) Jupyter Development Team.
-# Distributed under the terms of the Modified BSD License.
-```
diff --git a/README.md b/README.md
index 18e8415ba8..db0791a247 100644
--- a/README.md
+++ b/README.md
@@ -52,3 +52,31 @@ If you are interested in contributing to the project, see [`CONTRIBUTING.rst`](C
 - What: [Meeting notes](https://github.com/jupyter-server/team-compass/issues/4)
 
 See our tentative [roadmap here](https://github.com/jupyter/jupyter_server/issues/127).
+
+## About the Jupyter Development Team
+
+The Jupyter Development Team is the set of all contributors to the Jupyter project.
+This includes all of the Jupyter subprojects.
+
+The core team that coordinates development on GitHub can be found here:
+https://github.com/jupyter/.
+
+## Our Copyright Policy
+
+Jupyter uses a shared copyright model. Each contributor maintains copyright
+over their contributions to Jupyter. But, it is important to note that these
+contributions are typically only changes to the repositories. Thus, the Jupyter
+source code, in its entirety is not the copyright of any single person or
+institution. Instead, it is the collective copyright of the entire Jupyter
+Development Team. If individual contributors want to maintain a record of what
+changes/contributions they have specific copyright on, they should indicate
+their copyright in the commit message of the change, when they commit the
+change to one of the Jupyter repositories.
+
+With this in mind, the following banner should be used in any source code file
+to indicate the copyright and license terms:
+
+```
+# Copyright (c) Jupyter Development Team.
+# Distributed under the terms of the Modified BSD License.
+```