diff --git a/LICENSE.md b/LICENSE.md
new file mode 100644
index 0000000..3bd06aa
--- /dev/null
+++ b/LICENSE.md
@@ -0,0 +1,21 @@
+# MIT License
+
+Copyright (c) 2023 Christopher Arndt <chris@chrisarndt.de>
+
+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
new file mode 100644
index 0000000..f6bba04
--- /dev/null
+++ b/README.md
@@ -0,0 +1,54 @@
+# Godot 4 OSC Demo
+
+An example project for the [Godot 4 engine](https://godotengine.org),
+demonstrating support for [Open Sound Control](https://opensoundcontrol.org)
+(OSC) protocol, implemented in *GDScript*.
+
+The project contains the class `OSCReceiver`, implementing an OSC UDP server
+and OSC message parser and dispatcher, as well as the class `OSCSender`,
+implementing an OSC client for sending OSC messages over UDP.
+
+A simple UI with four sliders and four buttons, which each send OSC messages on
+changes and can be set via received OSC messages, demonstrates the use of these
+classes.
+
+
+## Limitations
+
+This project is a prototype and the OSC implementaion does not have support
+for all the features laid out in the OSC 1.0 and 1.1 specifications.
+
+- No support for sending or receiving OSC bundles yet.
+- OSC timetags are not parsed or used.
+
+   Client code will receive them as 8-byte arrays and, for sending, must pass
+   them in this form as well.
+
+These are planned to be supported eventually.
+
+- No support for the array typetags `[` and `]`.
+
+This might be supported at some later date.
+
+- No support for OSC message dispatching based on adress patterns.
+
+There are no plans to support the latter.
+
+Furthermore the API ist still considered unstable and may still change.
+
+
+## License
+
+[MIT](https://choosealicense.com/licenses/mit/) License
+
+See the file [LICENSE.md](./LICENSE.md) for details.
+
+
+## Authors
+
+- [Christopher Arndt](https://www.github.com/SpotlightKid)
+
+
+## Acknowledgements
+
+* Inspired by [example_godot_gdscript_osc](https://github.com/shimpe/example_godot_gdscript_osc)