diff --git a/README.md b/README.md
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--- a/README.md
+++ b/README.md
@@ -3,14 +3,30 @@
 ## Formats covered thus far
 
 - `LIDO 1.0`
-  (Primary exchange export format)
+  (Primary exchange export format). See <https://lido-schema.org>
+- LIDO 1.1
+  Updated version of the LIDO standard, as of 2022. See <https://lido-schema.org>
+- EODEM
+  A LIDO profile (based on LIDO 1.1) specifically designed for the automation of the exchange of loan object information. Contrary to LIDO, it thus also covers some internal fields. See: <https://cidoc.mini.icom.museum/working-groups/documentation-standards/eodem-home/>
 
 ## Repository structure
 
-### /src
+### [/src](./src)
 
 Contains the relevant .xsl files used for converting md:xml to other formats.
 
-### /sample
+#### [/src/schemas](./src/schemas)
+
+This directory contains schemas for validating the different formats.
+
+#### [/src/selections](./src/selections)
+
+This directory contains JSON files listing which bits and pieces should be made available during an export from musdb when exporting to a given format. E.g., LIDO cannot represent internal information like insurance values. It thus does not make sense to export such information during the export to md:xml pre-transformation in the first place.
+
+### [/sample](./sample)
 
 Here you can find sample mx:xml files.
+
+## License
+
+This project is licensed under the MIT License. See the [LICENSE](./LICENSE) file for the full license text.