diff --git a/LICENSE b/LICENSE
index d64569567..8e755f4bb 100644
--- a/LICENSE
+++ b/LICENSE
@@ -1,3 +1,4 @@
+Copyright JS Foundation and other contributors, http://js.foundation
 
                                  Apache License
                            Version 2.0, January 2004
@@ -187,7 +188,7 @@
       same "printed page" as the copyright notice for easier
       identification within third-party archives.
 
-   Copyright [yyyy] [name of copyright owner]
+   Copyright JS Foundation and other contributors, http://js.foundation
 
    Licensed under the Apache License, Version 2.0 (the "License");
    you may not use this file except in compliance with the License.
diff --git a/README.md b/README.md
index 5d1711485..7e12ce12d 100644
--- a/README.md
+++ b/README.md
@@ -42,8 +42,8 @@ For additional information see [Getting Started](docs/01.GETTING-STARTED.md).
 The project can only accept contributions which are licensed under the [Apache License 2.0](LICENSE) and are signed according to the JerryScript [Developer's Certificate of Origin](DCO.md). For further information please see our [Contribution Guidelines](CONTRIBUTING.md).
 
 ## License
-JerryScript is Open Source software under the [Apache License 2.0](LICENSE). Complete license and copyright information can be found in the source code.
+JerryScript is open source software under the [Apache License 2.0](LICENSE). Complete license and copyright information can be found in the source code.
 
-> Copyright 2015 Samsung Electronics Co., Ltd.
+> Copyright JS Foundation and other contributors, http://js.foundation
 
 > Licensed under the Apache License, Version 2.0 (the "License"); you may not use this file except in compliance with the License. You may obtain a copy of the License at http://www.apache.org/licenses/LICENSE-2.0 Unless required by applicable law or agreed to in writing, software distributed under the License is distributed on an "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied. See the License for the specific language governing permissions and limitations under the License.