The German Rectors' Conference (HRK) has released "Projekt Deal and Springer Nature Reach Understanding on World´s Largest Transformative Open Access Agreement."
Here's an excerpt:
A Memorandum of Understanding (MoU) signed today between MPDL Services, on behalf of Projekt DEAL, and Springer Nature sets the scene for the world’s most comprehensive open access (OA) agreement to be finalised later this year. . . .
The transformative two-part agreement will encompass a fully OA element and a Publish and Read (PAR) element. This will enable eligible authors to publish OA in both Springer Nature’s fully OA journals, the largest OA portfolio in the world with over 600 titles, and Springer Nature’s collection of 1,900 hybrid journals, which collectively already publish one in four of all OA articles. In addition, the model provides the academic community of the participating institutions with permanent reading access to content in Springer, Palgrave, Adis, and Macmillan academic journals published during the term of the contract.
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