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As libraries continue to increase the amount of content purchased in electronic format, the convention of signing a license agreement for each electronic product has become overly burdensome for both libraries and publishers. The delays inherent in this process have also created barriers to access for patrons. The NISO Shared E-Resource Understanding (SERU) working group was formed in 2006 to develop a best practices alternative that will allow libraries and publishers to avoid licenses for some types of electronic resources by agreeing to the "Statements of Common Understandings for Subscribing to Electronic Resources" outlined on the NISO web site (http://www.niso.org/committees/SERU). This report summarizes the history of the project and outlines next steps for libraries and publishers.

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Electronic resource contract law language presents many problems for both librarians and publishers. For librarians, problems generally involve interlibrary loan permissions and perpetual access/ archival rights. For publishers, problems involve breach of contract and definitions of authorized users and sites. Through a description of the basic license elements and practice with a sample license, problems diminished in this session.