diff --git a/docs/DeveloperPolicy.html b/docs/DeveloperPolicy.html
index e7f2180..0fddd71 100644
--- a/docs/DeveloperPolicy.html
+++ b/docs/DeveloperPolicy.html
@@ -510,20 +510,24 @@
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 <div class="doc_subsection"><a name="copyright">Copyright</a></div>
 <div class="doc_text">
-<p>For consistency and ease of management, the project requires the copyright
-   for all LLVM software to be held by a single copyright holder: the University
-   of Illinois (UIUC).</p>
-  
-<p>Although UIUC may eventually reassign the copyright of the software to
-   another entity (e.g. a dedicated non-profit "LLVM Organization") the intent
-   for the project is to always have a single entity hold the copyrights to LLVM
-   at any given time.</p>
 
-<p>We believe that having a single copyright holder is in the best interests of
-   all developers and users as it greatly reduces the managerial burden for any
-   kind of administrative or technical decisions about LLVM.  The goal of the
-   LLVM project is to always keep the code open and <a href="#license">licensed
-   under a very liberal license</a>.</p>
+<p>The LLVM project does not require copyright assignments, which means that the
+   copyright for the code in the project is held by its respective contributors
+   who have each agreed to release their contributed code under the terms of the
+   <a href="#license">LLVM License</a>.</p>
+   
+<p>An implication of this is that the LLVM license is unlikely to ever change:
+   changing it would require tracking down all the contributors to LLVM and
+   getting them to agree that a license change is acceptable for their
+   contribution.  Since there are no plans to change the license, this is not a
+   cause for concern.</p>
+   
+<p>As a contributor to the project, this means that you (or your company) retain
+   ownership of the code you contribute, that it cannot be used in a way that
+   contradicts the license (which is a liberal BSD-style license), and that the
+   license for your contributions won't change without your approval in the
+   future.</p>
+   
 </div>
 
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