The Center for Research Libraries and others have released a new LIBLICENSE Model License Agreement.
Here's an excerpt from the announcement:
The model license outlines the main provisions a good library e-resources content license should contain, highlighting as well key points for decisions and negotiations with publishers. The document is expected to support libraries' efforts to serve their users and achieve the core mission of preserving intellectual heritage in the digital age by negotiating the best terms of use. The original LIBLICENSE model license, released in 2001, has supported long-term access and stewardship goals; the new revision will help librarians address a new generation of issues and challenges.
Digital Scholarship | "A Quarter-Century as an Open Access Publisher"