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diff --git a/COPYING b/COPYING
index eadbe1c..ace731a 100644
--- a/COPYING
+++ b/COPYING
@@ -1,22 +1,41 @@
-##
-## Copyright (C) 1997-2006 by Terrapin Communications, Inc.
+## Copyright (c) 1997-2007 by Terrapin Communications, Inc.
## All rights reserved.
##
-## This software may be freely copied, modified and redistributed
-## without fee for non-commerical purposes provided that this license
-## remains intact and unmodified with any RANCID distribution.
-##
-## There is no warranty or other guarantee of fitness of this software.
-## It is provided solely "as is". The author(s) disclaim(s) all
-## responsibility and liability with respect to this software's usage
-## or its effect upon hardware, computer systems, other software, or
-## anything else.
+## This code is derived from software contributed to and maintained by
+## Terrapin Communications, Inc. by Henry Kilmer, John Heasley, Andrew Partan,
+## Pete Whiting, Austin Schutz, and Andrew Fort.
##
-## Except where noted otherwise, rancid was written by and is maintained by
-## Henry Kilmer, John Heasley, Andrew Partan, Pete Whiting, and Austin Schutz.
+## Redistribution and use in source and binary forms, with or without
+## modification, are permitted provided that the following conditions
+## are met:
+## 1. Redistributions of source code must retain the above copyright
+## notice, this list of conditions and the following disclaimer.
+## 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. All advertising materials mentioning features or use of this software
+## must display the following acknowledgement:
+## This product includes software developed by Terrapin Communications,
+## Inc. and its contributors for RANCID.
+## 4. Neither the name of Terrapin Communications, Inc. nor the names of its
+## contributors may be used to endorse or promote products derived from
+## this software without specific prior written permission.
+## 5. It is requested that non-binding fixes and modifications be contributed
+## back to Terrapin Communications, Inc.
##
-#
-# The login expect scripts were based on Erik Sherk's gwtn, by permission.
-#
-# bin/lg - the original looking glass software was written by Ed Kern,
-# provided by permission and modified beyond recognition.
+## THIS SOFTWARE IS PROVIDED BY Terrapin Communications, INC. 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 COMPANY 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.
+#
+# The expect login scripts were based on Erik Sherk's gwtn, by permission.
+#
+# The original looking glass software was written by Ed Kern, provided by
+# permission and modified beyond recognition.