The purpose of the study is to develop a license model which could be used as guidelines during the process of contracting for the use of electronic journals in the academic libraries. The study was done through the following 4 steps. First, through the analysis of previous related literature, the study examined the licensing principles, the structure of the license, the relationship between copyright and contracts, and the development of license models in the library. Secondly, through the analysis of the basic structure of 5 representative license models abroad and 2 domestic licenses, the study established the basic structure of license model. Thirdly, a questionnaire was conducted on library licensee and the vendor licensor in order to find out the present states and problems of library contracting and their opinion on the core clauses of the contract. Lastly, having based on the results of the investigations mentioned above, the study finally developed the license model.