diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index d837cfc82..382c2d149 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -8,10 +8,14 @@ We welcome contributions from the community. See [Issues](https://github.com/gui
 
 ## Forking and Submitting Changes
 
+*IMPORTANT*: v1.x of Terminal.Gui is now in maintenance mode. All new development is happening on the `v2_develop` branch. See the V2 discussion [here](https://github.com/gui-cs/Terminal.Gui/discussions/1940).
+
 Terminal.Gui uses the [GitFlow](https://nvie.com/posts/a-successful-git-branching-model/) branching model. 
 
 * The `main` branch is always stable, and always matches the most recently released Nuget package.
-* The `develop` branch is where new development and bug-fixes happen. It is the default branch.
+* The `develop` branch is where bug-fixes to v1.x happens. It is the default branch.
+* The `v2_develop` branch is where development on v2.x happens. 
+
 
 ### Forking Terminal.Gui
 
diff --git a/README.md b/README.md
index d62088a11..3b0bb8985 100644
--- a/README.md
+++ b/README.md
@@ -6,6 +6,7 @@
 [![License](https://img.shields.io/github/license/gui-cs/gui.cs.svg)](LICENSE)
 ![Bugs](https://img.shields.io/github/issues/gui-cs/gui.cs/bug)
 
+*IMPORTANT*: v1.x of Terminal.Gui is now in maintenance mode; we will accept PRs for v1.x (the `develop` branch) only for bugs that impact existing functionality. All new development happens on the `v2_develop` branch. See the V2 discussion [here](https://github.com/gui-cs/Terminal.Gui/discussions/1940).
 # Terminal.Gui - Cross Platform Terminal UI toolkit for .NET
 
 A toolkit for building rich console apps for .NET, .NET Core, and Mono that works on Windows, the Mac, and Linux/Unix.