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Originally Posted by DNSB
Correct. The author has no rights to the article as all rights are signed over to the academic journal. Unlike quite a few other areas of publishing where rights are signed over for a limited time, academic articles tend to be signed over permanently.
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Keep in mind that you are discussing contract law rather than copyright law. The author still holds the copyright on the article. I would not be shocked if someone finally takes them to court and wins. One of the criteria of a valid contract is it can not be one sided, both sides must get something. That is why you see the various court cases where some inventor sells an invention for a penance, then sues (and wins) when the invention makes the company he or she sold it to a fortune.