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The National Information Standards Organization (NISO) announces the availability of a draft update of SERU: A Shared Electronic Resource Understanding for public comment (NISO RP-7-201X) through February 19, 2012. SERU offers publishers and libraries the opportunity to save both the time and the costs associated with a negotiated and signed license agreement for e-resources by both content provider and customer agreeing to operate within a framework of shared understanding and good faith. The SERU framework provides a set of common understandings for parties to reference as an alternative to a formal license when conducting business.