Before we get to the text of the license, lets just review what the license says in simple terms:
         It allows you to:
         
            freely download and use ImageMagick software, in whole or in part, for personal, company
            internal, or commercial purposes;
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            use ImageMagick software in packages or distributions that you create;
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            link against a library under a different license;
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            link code under a different license against a library under this license;
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            merge code into a work under a different license;
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            extend patent grants to any code using code under this license;
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            and extend patent protection.
            It forbids you to:
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            redistribute any piece of ImageMagick-originated software without proper attribution;
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            use any marks owned by ImageMagick Studio LLC in any way that might state or imply that
               ImageMagick Studio LLC endorses your distribution;
            8
            use any marks owned by ImageMagick Studio LLC in any way that might state or imply that you
               created the ImageMagick software in question.
            It requires you to:
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            include a copy of the license in any redistribution you may make that includes ImageMagick software;
            
            provide clear attribution to ImageMagick Studio LLC for any distributions that include
               ImageMagick software.
            It does not require you to:
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            include the source of the ImageMagick software itself, or of any modifications you may have
               made to it, in any redistribution you may assemble that includes it;
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            submit changes that you make to the software back to the ImageMagick Studio LLC (though such
               feedback is encouraged).
            A few other clarifications include:
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            ImageMagick is freely available without charge;
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            you may include ImageMagick on a DVD as long as you comply with the terms of the license;
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            you can give modified code away for free or sell it under the terms of the ImageMagick
               license or distribute the result under a different license, but you need to acknowledge
               the use of the ImageMagick software;
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            the license is compatible with the GPL V3.
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            when exporting the ImageMagick software, review its export classification.
      Terms and Conditions for Use, Reproduction, and Distribution
      The legally binding and authoritative terms and conditions for use, reproduction, and distribution of
         ImageMagick follow:

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          Definitions.
          License shall mean the terms and conditions for use, reproduction, and distribution as defined by
             Sections 1 through 9 of this document.
            Licensor shall mean the copyright owner or entity authorized by the copyright owner that is
             granting the License.
            Legal Entity shall mean the union of the acting entity and all other entities that control, are
             controlled by, or are under common control with that entity. For the purposes of this
             definition, control means (i) the power, direct or indirect, to cause the direction or
             management of such entity, whether by contract or otherwise, or (ii) ownership of fifty
             percent (50%) or more of the outstanding shares, or (iii) beneficial ownership of such
             entity.
            You (or Your) shall mean an individual or Legal Entity exercising permissions granted by this License.
            Source form shall mean the preferred form for making modifications, including but not limited to
             software source code, documentation source, and configuration files.
            Object form shall mean any form resulting from mechanical transformation or translation of a
             Source form, including but not limited to compiled object code, generated documentation, and
             conversions to other media types.
            Work shall mean the work of authorship, whether in Source or Object form, made available under
             the License, as indicated by a copyright notice that is included in or attached to the work
             (an example is provided in the Appendix below).
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             derived from) the Work and for which the editorial revisions, annotations, elaborations, or
             other modifications represent, as a whole, an original work of authorship. For the purposes of
             this License, Derivative Works shall not include works that remain separable from, or merely
             link (or bind by name) to the interfaces of, the Work and Derivative Works thereof.
            Contribution shall mean any work of authorship, including the original version of the Work and
             any modifications or additions to that Work or Derivative Works thereof, that is intentionally
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             owner as Not a Contribution.
            Contributor shall mean Licensor and any individual or Legal Entity on behalf of whom a
             Contribution has been received by Licensor and subsequently incorporated within the Work.
        Z
          Grant of Copyright License. Subject to the terms and conditions of this License, each Contributor
             hereby grants to You a perpetual, worldwide, non-exclusive, no-charge, royalty-free,
             irrevocable copyright license to reproduce, prepare Derivative Works of, publicly display,
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        cpwDy[vEf
          Grant of Patent License. Subject to the terms and conditions of this License, each Contributor
             hereby grants to You a perpetual, worldwide, non-exclusive, no-charge, royalty-free,
             irrevocable patent license to make, have made, use, offer to sell, sell, import, and otherwise
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             direct or contributory patent infringement, then any patent licenses granted to You under this
             License for that Work shall terminate as of the date such litigation is filed.
        '^CK,o,+aiO,]
          Redistribution. You may reproduce and distribute copies of the Work or Derivative Works thereof
             in any medium, with or without modifications, and in Source or Object form, provided that You
             meet the following conditions:
        9F.Z
            You must give any other recipients of the Work or Derivative Works a copy of this License; and
               3
            You must cause any modified files to carry prominent notices stating that You changed the files; and
               
            You must retain, in the Source form of any Derivative Works that You distribute, all
               copyright, patent, trademark, and attribution notices from the Source form of the Work,
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               3F:
            If the Work includes a "NOTICE" text file as part of its distribution, then any Derivative
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               may add Your own attribution notices within Derivative Works that You distribute,
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            You may add Your own copyright statement to Your modifications and may provide additional or
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               in this License.
        Js9
          Submission of Contributions. Unless You explicitly state otherwise, any Contribution
             intentionally submitted for inclusion in the Work by You to the Licensor shall be under the
             terms and conditions of this License, without any additional terms or conditions.
             Notwithstanding the above, nothing herein shall supersede or modify the terms of any separate
             license agreement you may have executed with Licensor regarding such Contributions.
        @zZ1.,EvK{\Zf#}^:
          Trademarks. This License does not grant permission to use the trade names, trademarks, service
             marks, or product names of the Licensor, except as required for reasonable and customary use
             in describing the origin of the Work and reproducing the content of the NOTICE file.
        [;^[XyyV!s6VZ^'HUa
          Disclaimer of Warranty. Unless required by applicable law or agreed to in writing, Licensor
             provides the Work (and each Contributor provides its Contributions) on an AS IS BASIS, WITHOUT
             WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied, including, without
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             appropriateness of using or redistributing the Work and assume any risks associated with Your
             exercise of permissions under this License.
        S	VO@gvZ82 |_F-
          Limitation of Liability. In no event and under no legal theory, whether in tort (including
             negligence), contract, or otherwise, unless required by applicable law (such as deliberate and
             grossly negligent acts) or agreed to in writing, shall any Contributor be liable to You for
             damages, including any direct, indirect, special, incidental, or consequential damages of any
             character arising as a result of this License or out of the use or inability to use the Work
             (including but not limited to damages for loss of goodwill, work stoppage, computer failure or
             malfunction, or any and all other commercial damages or losses), even if such Contributor has
             been advised of the possibility of such damages.
        h$
vUA>1m[
          Accepting Warranty or Additional Liability. While redistributing the Work or Derivative Works
             thereof, You may choose to offer, and charge a fee for, acceptance of support, warranty,
             indemnity, or other liability obligations and/or rights consistent with this License. However,
             in accepting such obligations, You may act only on Your own behalf and on Your sole
             responsibility, not on behalf of any other Contributor, and only if You agree to indemnify,
             defend, and hold each Contributor harmless for any liability incurred by, or claims asserted
             against, such Contributor by reason of your accepting any such warranty or additional
             liability.

      