diff --git a/LICENSE b/LICENSE-APACHE
similarity index 100%
rename from LICENSE
rename to LICENSE-APACHE
diff --git a/LICENSE-MIT b/LICENSE-MIT
new file mode 100644
index 00000000..31aa7938
--- /dev/null
+++ b/LICENSE-MIT
@@ -0,0 +1,23 @@
+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 ffdc70a6..5dce7fc0 100644
--- a/README.md
+++ b/README.md
@@ -14,3 +14,17 @@ Rust playback library.
 # [Documentation](http://docs.rs/rodio)
 
 [The documentation](http://docs.rs/rodio) contains an introduction to the library.
+
+## License
+[License]: #license
+
+This repository is currently in the process of being licensed under either of
+
+* Apache License, Version 2.0, ([LICENSE-APACHE](LICENSE-APACHE) or http://www.apache.org/licenses/LICENSE-2.0)
+* MIT license ([LICENSE-MIT](LICENSE-MIT) or http://opensource.org/licenses/MIT)
+
+at your option. Some parts of the repository are already licensed according to those terms. Others are licensed Apache License only. For more see [issue 64](https://github.com/tomaka/rodio/issues/64).
+
+### License of your contributions
+
+Unless you explicitly state otherwise, any contribution intentionally submitted for inclusion in the work by you, as defined in the Apache-2.0 license, shall be dual licensed as above, without any additional terms or conditions.