Removing Footer Text

Hi guys,

Just got my WP site set up and running, but struggling to remove some footer text without it stopping the footer from loading!

Can you advise? I want to remove the link and text: ” | Web Design by Site Now”

Thanks!

<p><?php echo nl2br(stripslashes(get_option('address'))); ?><?php if (get_option('phone') == true) { ?>Tel: <?php echo get_option('phone'); } ?><?php if (get_option('fax') == true) { ?>Fax: <?php echo get_option('fax'); } ?></p>
		<p class="copyright"><?php if (get_option('footer_text') == true) { echo str_replace('[YEAR]',date('Y'),stripslashes(get_option('footer_text'))).' | '; } ?><a href="http://www.site-now.co.uk">Web design</a> by Site Now</p></p>
		</div>
	</div>
<?php } ?>

<?php do_action('wp_footer'); ?>

<script type="text/javascript">
jQuery(function() {

<?php $style = $_COOKIE['style'];
	if($style == "hc" || $style == "lc") {	} else { ?>
	//Cufon.replace('h1, #header .right p, #main.home .right h2, #sidebar h4, #content .comments h3');
	<?php } ?>

	$('.gallery a').lightBox({
		fixedNavigation:true,
		imageLoading: '<?php bloginfo('template_directory'); ?>/images/lightbox-ico-loading.gif',
		imageBtnClose: '<?php bloginfo('template_directory'); ?>/images/lightbox-btn-close.gif',
		imageBtnPrev: '<?php bloginfo('template_directory'); ?>/images/lightbox-btn-prev.gif',
		imageBtnNext: '<?php bloginfo('template_directory'); ?>/images/lightbox-btn-next.gif',
		imageBlank: '<?php bloginfo('template_directory'); ?>/images/lightbox-blank.gif'
	});

<?php if(is_home() || is_front_page()) { ?>
	jQuery('#slides').slides({
		preload: true,
		preloadImage: '<?php bloginfo('template_directory'); ?>/images/loading.gif',
		play: 5000,
		pause: 2500,
		hoverPause: true
	});
<?php } ?>

});
</script>

</body>
</html>