Data Use Agreement

Data Use Agreement

This Data Use Agreement ("Agreement") is entered into on the 20th day of January 2050, by and between [Your Name], located at [Your Address], and [Party B], located at [Party B's Name].

1. DATA DESCRIPTION

The data to be shared under this Agreement include but are not limited to research findings, business analysis, customer-related data, and other sensitive information necessary for the effective execution of the parties' mutual interest (collectively referred to as the "Data").

2. TERMS OF USE

The parties agree to use the data only for the purposes explicitly outlined in this Agreement. Any use of the Data beyond these stipulated purposes will be considered a breach of this Agreement. The parties agree not to share, transfer, or lease the Data to any third party without prior written consent from the other party.

[Your Name] agrees to provide [Party B] with access to the following data:

  • Demographic information

  • Purchase history data

  • Website traffic analytics

3. DATA USAGE RESTRICTIONS

The agreement entered into by Party B stipulates that they will utilize the data provided exclusively to perform a marketing analysis. Party B is therefore bound by this agreement not to disclose the aforementioned data or sell the same. Similarly, it is agreed upon that Party B will not transfer this data under any circumstances to a third party unless they have received written consent before such transfer from the individual known as [Your Name].

4. CONFIDENTIALITY AND SECURITY

The parties involved in this agreement are required to conform to certain stipulated conditions.

(a) Firstly, they shall ensure that the Data, as stated in this agreement, is maintained with a high degree of confidentiality, allowing no room for unintended breaches.

(b) Secondly, they are required to implement effective measures that will safeguard the Data against any form of unauthorized access. Such measures shall also prevent the disclosure or alteration, of any kind, of the Data by individuals or entities not authorized to do so by this agreement.

(c) Additionally, these measures are expected to robustly prevent the unauthorized destruction of the Data.

(d) Furthermore, it is mandated for the parties to conform to all regulations that are relevant to data security and protection; these regulations must have been formally acknowledged and agreed upon within the tenets of this agreement.

By doing so, the parties involved would seamlessly ensure the preservation of the Data's integrity, conform to all relevant data security standards, and remain within the bounds of the law while executing their roles and responsibilities under this agreement.

5. DATA OWNERSHIP

Under the terms and conditions stipulated in the Agreement, all information and data that are provided shall continue to be owned by [Your Name]. It is important to note that [Party B], the secondary party involved in this Agreement, will not obtain or possess any rights, ownership, or any form of interest or claim over the said data. The only exceptions apply to the restricted rights, which are explicitly granted to [Party B] as mentioned under the terms of this Agreement.

6. COMPLIANCE WITH LAW

All usage and sharing of the Data under this Agreement shall comply with all applicable laws, regulations, and obligatory guidelines relating to data protection, privacy, and data security, including but not limited to the General Data Protection Regulation (GDPR).

7. DISPUTE RESOLUTION

Any disputes arising out of or in connection with this Agreement shall be resolved through negotiation between the parties. If the parties are unable to resolve the dispute through negotiation, the dispute shall be submitted to mediation by a mutually agreed-upon mediator.

8. TERMINATION

If there is a substantial violation of the terms and conditions set out in this Agreement by either of the parties involved, the Party that is not in breach has the right to put an end to this Agreement. This termination can be initiated upon providing a written notice to the Party in breach, a minimum of thirty (30) days before the intended termination date.

9. GOVERNING LAW

This Agreement shall be governed by and construed under the laws of [Jurisdiction].

10. SIGNATURES

This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute the same instrument. This Agreement may be executed and delivered electronically.

Party A:

[YOUR NAME]

[DATE SIGNED]

Party B:

[PARTY B]

[DATE SIGNED]

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