New NISO standard developing around shared e-resources

Click on the title to this post to visit the NISO standards page with a note on the new SERU (Shared Electronic Resources Understanding). NISO explains itself:

National Information Standards Organization, a non-profit association accredited by the American National Standards Institute (ANSI), identifies, develops, maintains, and publishes technical standards to manage information in our changing and ever-more digital environment. NISO standards apply both traditional and new technologies to the full range of information-related needs, including retrieval, re-purposing, storage, metadata, and preservation.

The text of the latest draft of the SERU is here at NISO's website. The new "understanding" seeks to replace the vendor/library bilaterally negotiated licenses with a standard arrangement. It's not really a standard or model license (for an example, see Yale's Model License), but it deals with the issues licenses have covered. AALL developed principles for licensing electronic resources, posted here. The SERU is different from either effort. Interesting development!