diff --git a/.github/workflows/change-versions.yml b/.github/workflows/change-versions.yml
index 07fa38aec4..94ffa216fd 100644
--- a/.github/workflows/change-versions.yml
+++ b/.github/workflows/change-versions.yml
@@ -21,6 +21,7 @@ jobs:
         run: | 
           api/scripts/update-package-versions.sh "$(cat version.txt)"
           api/scripts/update-own-version-constants.sh "$(cat version.txt)"
+          scripts/update-license-version.sh "$(cat version.txt)"
       - uses: stefanzweifel/git-auto-commit-action@v4
         with:
           token: "${{ secrets.RELEASER_TOKEN }}"
diff --git a/LICENSE.md b/LICENSE.md
new file mode 100644
index 0000000000..d1201f0c90
--- /dev/null
+++ b/LICENSE.md
@@ -0,0 +1,100 @@
+Business Source License 1.1
+
+Parameters
+
+Licensor:             Kurtosis Technologies, Inc.
+Licensed Work:        Kurtosis 0.67.4
+The Licensed Work is (c) 2023 Kurtosis Technologies, Inc.
+Additional Use Grant: You may make use of the Licensed Work, provided that
+you may not use the Licensed Work for an Environment Orchestration Service.
+
+                      An “Environment Orchestration Service” is any offering that
+                      allows third parties (other than your employees and
+                      contractors) to create distributed system environments.
+
+Change Date:          2027-03-07
+
+Change License:       AGPLv3 (GNU Affero General Public License Version 3)
+
+For information about alternative licensing arrangements for the Software,
+please visit: https://kurtosis.com/
+
+Notice
+
+The Business Source License (this document, or the “License”) is not an Open
+Source license. However, the Licensed Work will eventually be made available
+under an Open Source License, as stated in this License.
+
+License text copyright (c) 2017 MariaDB Corporation Ab, All Rights Reserved.
+“Business Source License” is a trademark of MariaDB Corporation Ab.
+
+-----------------------------------------------------------------------------
+
+Business Source License 1.1
+
+Terms
+
+The Licensor hereby grants you the right to copy, modify, create derivative
+works, redistribute, and make non-production use of the Licensed Work. The
+Licensor may make an Additional Use Grant, above, permitting limited
+production use.
+
+Effective on the Change Date, or the fourth anniversary of the first publicly
+available distribution of a specific version of the Licensed Work under this
+License, whichever comes first, the Licensor hereby grants you rights under
+the terms of the Change License, and the rights granted in the paragraph
+above terminate.
+
+If your use of the Licensed Work does not comply with the requirements
+currently in effect as described in this License, you must purchase a
+commercial license from the Licensor, its affiliated entities, or authorized
+resellers, or you must refrain from using the Licensed Work.
+
+All copies of the original and modified Licensed Work, and derivative works
+of the Licensed Work, are subject to this License. This License applies
+separately for each version of the Licensed Work and the Change Date may vary
+for each version of the Licensed Work released by Licensor.
+
+You must conspicuously display this License on each original or modified copy
+of the Licensed Work. If you receive the Licensed Work in original or
+modified form from a third party, the terms and conditions set forth in this
+License apply to your use of that work.
+
+Any use of the Licensed Work in violation of this License will automatically
+terminate your rights under this License for the current and all other
+versions of the Licensed Work.
+
+This License does not grant you any right in any trademark or logo of
+Licensor or its affiliates (provided that you may use a trademark or logo of
+Licensor as expressly required by this License).
+
+TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE LICENSED WORK IS PROVIDED ON
+AN “AS IS” BASIS. LICENSOR HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS,
+EXPRESS OR IMPLIED, INCLUDING (WITHOUT LIMITATION) WARRANTIES OF
+MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND
+TITLE.
+
+MariaDB hereby grants you permission to use this License’s text to license
+your works, and to refer to it using the trademark “Business Source License”,
+as long as you comply with the Covenants of Licensor below.
+
+Covenants of Licensor
+
+In consideration of the right to use this License’s text and the “Business
+Source License” name and trademark, Licensor covenants to MariaDB, and to all
+other recipients of the licensed work to be provided by Licensor:
+
+1. To specify as the Change License the GPL Version 2.0 or any later version,
+   or a license that is compatible with GPL Version 2.0 or a later version,
+   where “compatible” means that software provided under the Change License can
+   be included in a program with software provided under GPL Version 2.0 or a
+   later version. Licensor may specify additional Change Licenses without
+   limitation.
+
+2. To either: (a) specify an additional grant of rights to use that does not
+   impose any additional restriction on the right granted in this License, as
+   the Additional Use Grant; or (b) insert the text “None”.
+
+3. To specify a Change Date.
+
+4. Not to modify this License in any other way.
\ No newline at end of file
diff --git a/scripts/update-license-version.sh b/scripts/update-license-version.sh
new file mode 100755
index 0000000000..410f297ce3
--- /dev/null
+++ b/scripts/update-license-version.sh
@@ -0,0 +1,56 @@
+#!/usr/bin/env bash
+# 2021-07-08 WATERMARK, DO NOT REMOVE - This script was generated from the Kurtosis Bash script template
+
+set -euo pipefail   # Bash "strict mode"
+script_dirpath="$(cd "$(dirname "${BASH_SOURCE[0]}")" && pwd)"
+root_dirpath="$(dirname "${script_dirpath}")"
+
+
+# ==================================================================================================
+#                                             Constants
+# ==================================================================================================
+PACKAGE_JSON_FILEPATH="LICENSE.md"
+REPLACE_PATTERN_VERSION="Licensed Work:        Kurtosis %s"
+REPLACE_PATTERN_YEAR="%s Kurtosis Technologies, Inc."
+REPLACE_PATTERN_CHANGE_DATE="Change Date:          %s"
+
+# ==================================================================================================
+#                                       Arg Parsing & Validation
+# ==================================================================================================
+show_helptext_and_exit() {
+    echo "Usage: $(basename "${0}") new_version"
+    echo ""
+    echo "  new_version         The new version that the package files should contain"
+    echo ""
+    exit 1  # Exit with an error so that if this is accidentally called by CI, the script will fail
+}
+
+new_version="${1:-}"
+
+if [ -z "${new_version}" ]; then
+    echo "Error: No new version provided" >&2
+    show_helptext_and_exit
+fi
+
+current_year=$(date +"%Y")
+
+license_change_date=$(date -v +4y +"%Y-%m-%d")
+
+# ==================================================================================================
+#                                             Main Logic
+# ==================================================================================================
+to_update_abs_filepath="${root_dirpath}/${PACKAGE_JSON_FILEPATH}"
+if ! $(kudet update-version-in-file "${to_update_abs_filepath}" "${REPLACE_PATTERN_VERSION}" "${new_version}"); then
+    echo "Error: An error occurred setting new version '${new_version}' in constants file '${constant_file_abs_filepath}' using pattern '${REPLACE_PATTERN_VERSION}'" >&2
+    exit 1
+fi
+
+if ! $(kudet update-version-in-file "${to_update_abs_filepath}" "${REPLACE_PATTERN_YEAR}" "${current_year}"); then
+    echo "Error: An error occurred setting year '${current_year}' in constants file '${constant_file_abs_filepath}' using pattern '${REPLACE_PATTERN_YEAR}'" >&2
+    exit 1
+fi
+
+if ! $(kudet update-version-in-file "${to_update_abs_filepath}" "${REPLACE_PATTERN_CHANGE_DATE}" "${license_change_date}"); then
+    echo "Error: An error occurred setting change date '${license_change_date}' in constants file '${constant_file_abs_filepath}' using pattern '${REPLACE_PATTERN_CHANGE_DATE}'" >&2
+    exit 1
+fi