diff --git a/README.md b/README.md
index 581b841..31b3e3e 100644
--- a/README.md
+++ b/README.md
@@ -4,6 +4,200 @@ A trivial implementation of timeouts for `Promise`s, built on top of [React PHP]
 
 > Note: This project is in early alpha stage! Feel free to report any issues you encounter.
 
+## Usage
+
+This lightweight library consists only of a few simple functions.
+All functions reside under the `Clue\Promise\Timer` namespace.
+
+The below examples assume you use an import statement similar to this:
+
+```php
+use Clue\Promise\Timer;
+
+Timer\timeout(…);
+```
+
+Alternatively, you can also refer to them with their fully-qualified name:
+
+```php
+\Clue\Promise\Timer\timeout(…);
+``` 
+
+### timeout()
+
+The `timeout(PromiseInterface $promise, $time, LoopInterface $loop)` function
+can be used to *cancel* operations that take *too long*.
+You need to pass in an input `$promise` that represents a pending operation and timeout parameters.
+It returns a new `Promise` with the following resolution behavior:
+
+* If the input `$promise` resolves before `$time` seconds, resolve the resulting promise with its fulfillment value.
+* If the input `$promise` rejects before `$time` seconds, reject the resulting promise with its rejection value.
+* If the input `$promise` does not settle before `$time` seconds, *cancel* the operation and reject the resulting promise with a [`TimeoutException`](#timeoutexception).
+
+A common use case for handling only resolved values looks like this:
+
+```php
+$promise = accessSomeRemoteResource();
+Timer\timeout($promise, 10.0, $loop)->then(function ($value) {
+    // the operation finished within 10.0 seconds
+});
+```
+
+A more complete example could look like this:
+
+```php
+$promise = accessSomeRemoteResource();
+Timer\timeout($promise, 10.0, $loop)->then(
+    function ($value) {
+        // the operation finished within 10.0 seconds
+    },
+    function ($error) {
+        if ($error instanceof Timer\TimeoutException) {
+            // the operation has failed due to a timeout
+        } else {
+            // the input operation has failed due to some other error
+        }
+    }
+);
+```
+
+Or if you're using [react/promise v2.2.0](https://github.com/reactphp/promise) or up:
+
+```php
+Timer\timeout($promise, 10.0, $loop)
+    ->then(function ($value) {
+        // the operation finished within 10.0 seconds
+    })
+    ->otherwise(function (Timer\TimeoutException $error) {
+        // the operation has failed due to a timeout
+    })
+    ->otherwise(function ($error) {
+        // the input operation has failed due to some other error
+    })
+;
+```
+
+#### Timeout cancellation
+
+As discussed above, the [`timeout()`](#timeout) function will *cancel* the
+underlying operation if it takes *too long*.
+This means that you can be sure the resulting promise will then be rejected
+with a [`TimeoutException`](#timeoutexception).
+
+However, what happens to the underlying input `$promise` is a bit more tricky:
+Once the timer fires, we will try to call
+[`$promise->cancel()`](https://github.com/reactphp/promise#cancellablepromiseinterfacecancel)
+on the input `$promise` which in turn invokes its [cancellation handler](#cancellation-handler).
+
+This means that it's actually up the input `$promise` to handle
+[cancellation support](https://github.com/reactphp/promise#cancellablepromiseinterface).
+
+* A common use case involves cleaning up any resources like open network sockets or
+  file handles or terminating external processes or timers.
+
+* If the given input `$promise` does not support cancellation, then this is a NO-OP.
+  This means that while the resulting promise will still be rejected, the underlying
+  input `$promise` may still be pending and can hence continue consuming resources.
+
+See the following chapter for more details on the cancellation handler.
+
+#### Cancellation handler
+
+For example, an implementation for the above operation could look like this:
+
+```php
+function accessSomeRemoteResource()
+{
+    return new Promise(
+        function ($resolve, $reject) use (&$socket) {
+            // this will be called once the promise is created
+            // a common use case involves opening any resources and eventually resolving
+            $socket = createSocket();
+            $socket->on('data', function ($data) use ($resolve) {
+                $resolve($data);
+            });
+        },
+        function ($resolve, $reject) use (&$socket) {
+            // this will be called once calling `cancel()` on this promise
+            // a common use case involves cleaning any resources and then rejecting
+            $socket->close();
+            $reject(new \RuntimeException('Operation cancelled'));
+        }
+    );
+}
+```
+
+In this example, calling `$promise->cancel()` will invoke the registered cancellation
+handler which then closes the network socket and rejects the `Promise` instance.
+
+If no cancellation handler is passed to the `Promise` constructor, then invoking
+its `cancel()` method it is effectively a NO-OP.
+This means that it may still be pending and can hence continue consuming resources.
+
+> Note: If you're stuck on legacy versions (PHP 5.3), then this is also a NO-OP,
+as the Promise cancellation API is currently only available in
+[react/promise v2.1.0](https://github.com/reactphp/promise)
+which in turn requires PHP 5.4 or up.
+It is assumed that if you're actually still stuck on PHP 5.3, resource cleanup
+is likely one of your smaller problems. 
+
+For more details on the promise cancellation, please refer to the
+[Promise documentation](https://github.com/reactphp/promise#cancellablepromiseinterface).
+
+#### Collections
+
+If you want to wait for multiple promises to resolve, you can use the normal promise primitives like this:
+
+```php
+$promises = array(
+    accessSomeRemoteResource(),
+    accessSomeRemoteResource(),
+    accessSomeRemoteResource()
+);
+
+$promise = \React\Promise\all($promises);
+
+Timer\timeout($promise, 10, $loop)->then(function ($values) {
+    // *all* promises resolved
+});
+```
+
+The applies to all promise collection primitives alike, i.e. `all()`, `race()`, `any()`, `some()` etc.
+
+For more details on the promise primitives, please refer to the
+[Promise documentation](https://github.com/reactphp/promise#functions).
+
+### resolve()
+
+The `resolve($time, LoopInterface $loop)` function can be used to create a new Promise that
+resolves in `$time` seconds with the `$time` as the fulfillment value.
+
+```php
+Timer\resolve(1.5, $loop)->then(function ($time) {
+    echo 'Thanks for waiting ' . $time . ' seconds' . PHP_EOL;
+});
+```
+
+### reject()
+
+The `reject($time, LoopInterface $loop)` function can be used to create a new Promise
+which rejects in `$time` seconds with a `TimeoutException`.
+
+```php
+Timer\reject(2.0, $loop)->then(null, function (TimeoutException $e) {
+    echo '
+});
+```
+
+This function complements the [`resolve()`](#resolve) function
+and can be used as a basic building block for higher-level promise consumers.
+
+### TimeoutException
+
+The `TimeoutException` extends PHP's built-in `RuntimeException`.
+
+The `getTimeout()` method can be used to get the timeout value in seconds.
+
 ## Install
 
 The recommended way to install this library is [through composer](http://getcomposer.org). [New to composer?](http://getcomposer.org/doc/00-intro.md)
@@ -16,6 +210,12 @@ The recommended way to install this library is [through composer](http://getcomp
 }
 ```
 
+> Note: If you're stuck on legacy versions (PHP 5.3), then the `cancel()` method
+is not available,
+as the Promise cancellation API is currently only available in
+[react/promise v2.1.0](https://github.com/reactphp/promise)
+which in turn requires PHP 5.4 or up.
+
 ## License
 
 MIT