The key features of a publishing contract are as follows:
Transformative agreements are agreements negotiated between institutions (libraries) and publishers that modify the business model underlying scholarly publishing to a fully open access model. In other words, transformative agreements are a shift away from pay to read model (subscription cost) to pay to publish (article processing charge). Elements related to copyright ownership and transparency are usually included in the principles of transformative agreements.
A publishing contract is beneficial for both the author and the publisher as it addresses all the terms and conditions of the transaction in advance and the purpose of the agreement. This leaves no scope for obscurity or misunderstanding in the transaction and helps to ensure the successful and timely publication of the book. Also, having a written agreement signed by both parties means that they can protect their interests in case any disputes.
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