Transformative Agreements
In a transformative agreement, a library pays a publisher to publish in open access rather than for a subscription. In these agreements, copyright remains with the author, and the agreement is generally transparent. SCELC, a consortium The Chicago School Library is a member of, defines transformative agreements using similar language as :
"Transformative agreements are contracts negotiated between institutions (libraries or consortia) and publishers that gradually transition the business model underlying scholarly journal publishing. These agreements shift funding away from paying to read closed articles toward paying a fair price for open access publishing services."
These agreements are imperfect, but they represent an opportunity and willingness to move from the traditional publishing system and help democratize information access to our communities.
For more information, explore the ESAC Transformative Agreement Registry, the ESAC primer on transformative agreements, or this primer from The Scholarly Kitchen.