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This policy guide explains the basics of American copyright law as it concerns universities, scholars, and scholarly publishers. Part I is an excellent brief primer on the copyright statue as well as its exceptions and limitations.
Association of Research Libraries' (ARL) website. Landing page with link to the PDF document: https://www.arl.org/focus-areas/copyright-ip/fair-use/code-of-best-practices/2059-campus-copyright-rights-and-responsibilities-a-basic-guide-to-policy-considerations