This paper examines the importance of contracts in formalizing agreements between libraries to provide services to off-campus students and describes the development of one such contract. Topics addressed include: (1) the value of contracts in clarifying responsibilities and elevating contracted services in the hierarchy of institutional priorities; (2) the role of library administrators and lawyers in contract development, including the responsibility of lawyers for reviewing the intent and clarity of the content of the contract and the contract's technical formalities; and (3) the evolution of one contract between Regis University (Colorado) and a community library, including a description of model contracts, drafting the contract, submitting drafts for review by university officials and library staff, presenting the final document to an attorney, and finally presenting it to the director of the cooperating library and its attorney. This discussion also includes a review of the literature for useable models, a list of the categories of information to be used in the contract, response provided by Regis staff to drafts of the contract, and the response of the partner to the contract. (Contains 9 references.) (KRN)