diff --git a/LICENSE b/LICENSE
new file mode 100644
index 0000000..b4421f9
--- /dev/null
+++ b/LICENSE
@@ -0,0 +1,105 @@
+# Functional Source License, Version 1.1, ALv2 Future License
+
+## Abbreviation
+
+FSL-1.1-ALv2
+
+## Notice
+
+Copyright 2026 Moose Labs Ltd
+
+## Terms and Conditions
+
+### Licensor ("We")
+
+The party offering the Software under these Terms and Conditions.
+
+### The Software
+
+The "Software" is each version of the software that we make available under
+these Terms and Conditions, as indicated by our inclusion of these Terms and
+Conditions with the Software.
+
+### License Grant
+
+Subject to your compliance with this License Grant and the Patents,
+Redistribution and Trademark clauses below, we hereby grant you the right to
+use, copy, modify, create derivative works, publicly perform, publicly display
+and redistribute the Software for any Permitted Purpose identified below.
+
+### Permitted Purpose
+
+A Permitted Purpose is any purpose other than a Competing Use. A Competing Use
+means making the Software available to others in a commercial product or
+service that:
+
+1. substitutes for the Software;
+
+2. substitutes for any other product or service we offer using the Software
+   that exists as of the date we make the Software available; or
+
+3. offers the same or substantially similar functionality as the Software.
+
+Permitted Purposes specifically include using the Software:
+
+1. for your internal use and access;
+
+2. for non-commercial education;
+
+3. for non-commercial research; and
+
+4. in connection with professional services that you provide to a licensee
+   using the Software in accordance with these Terms and Conditions.
+
+### Patents
+
+To the extent your use for a Permitted Purpose would necessarily infringe our
+patents, the license grant above includes a license under our patents. If you
+make a claim against any party that the Software infringes or contributes to
+the infringement of any patent, then your patent license to the Software ends
+immediately.
+
+### Redistribution
+
+The Terms and Conditions apply to all copies, modifications and derivatives of
+the Software.
+
+If you redistribute any copies, modifications or derivatives of the Software,
+you must include a copy of or a link to these Terms and Conditions and not
+remove any copyright notices provided in or with the Software.
+
+### Disclaimer
+
+THE SOFTWARE IS PROVIDED "AS IS" AND WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR
+IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR
+PURPOSE, MERCHANTABILITY, TITLE OR NON-INFRINGEMENT.
+
+IN NO EVENT WILL WE HAVE ANY LIABILITY TO YOU ARISING OUT OF OR RELATED TO THE
+SOFTWARE, INCLUDING INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES,
+EVEN IF WE HAVE BEEN INFORMED OF THEIR POSSIBILITY IN ADVANCE.
+
+### Trademarks
+
+Except for displaying the License Details and identifying us as the origin of
+the Software, you have no right under these Terms and Conditions to use our
+trademarks, trade names, service marks or product names.
+
+## Grant of Future License
+
+We hereby irrevocably grant you an additional license to use the Software under
+the Apache License, Version 2.0 that is effective on the second anniversary of
+the date we make the Software available. On or after that date, you may use the
+Software under the Apache License, Version 2.0, in which case the following
+will apply:
+
+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.
diff --git a/README.md b/README.md
index cd4d42f..361e3d9 100644
--- a/README.md
+++ b/README.md
@@ -56,3 +56,8 @@ pnpm smoke:pack
 - Compatibility bins such as `baran` and `blackbox` stay in their
   product repos during migration and should delegate to shared command
   implementations rather than fork behavior.
+
+## License
+
+Licensed under the Functional Source License 1.1, with Apache-2.0 as the future
+license. Earlier release tags remain under their previous terms. See [LICENSE](LICENSE).
diff --git a/package.json b/package.json
index 36fea39..0bed375 100644
--- a/package.json
+++ b/package.json
@@ -12,7 +12,8 @@
     "bin",
     "dist",
     "oclif.manifest.json",
-    "README.md"
+    "README.md",
+    "LICENSE"
   ],
   "scripts": {
     "build": "tsc -p tsconfig.json && oclif manifest",
@@ -66,5 +67,5 @@
       }
     }
   },
-  "license": "UNLICENSED"
+  "license": "FSL-1.1-Apache-2.0"
 }