diff --git a/LICENSE b/LICENSE
new file mode 100644
index 00000000..99dd94e2
--- /dev/null
+++ b/LICENSE
@@ -0,0 +1,8 @@
+The MIT License (MIT)
+Copyright © 2023 Wonderland
+
+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:
+
+The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
+
+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.
diff --git a/README.md b/README.md
index 903f1fb7..0a9d6366 100644
--- a/README.md
+++ b/README.md
@@ -140,3 +140,6 @@ Also, remember to update the `package_name` param to your package name:
 ```
 
 You can take a look at our [solidity-exporter-action](https://github.com/defi-wonderland/solidity-exporter-action) repository for more information and usage examples.
+
+## Licensing
+The primary license for Prophet contracts is MIT, see [`LICENSE`](https://github.com/defi-wonderland/solidity-foundry-boilerplate/blob/main/LICENSE)
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