It goes without saying that the licensee cannot grant the licensee more extensive rights to the data than the licensee. Therefore, it is important that the taker is satisfied with due diligence and that the licensing agreement indicates that the licensee has all the rights and grants the taker all the rights the taker needs to use the data for the intended purpose. This is particularly true for personal data where, in many cases, the licensee does not receive personal data directly from the person concerned. Where notification or consent from the person concerned is required, it is important that the licensee assures and guarantees that he has issued such a notification or received such consent, or that he has received appropriate assurances that the company providing the data has done so. In some cases, the parties also need a mechanism to attract the attention of the takers when the persons concerned withdraw their consent. In order to ensure compliance with applicable licensing conditions, each authorized item must be linked to its source and the specific conditions for which the data was collected. Unfortunately, data is often not tracked or the origin of the data is lost when the data is transmitted from one database or database to another. The danger, of course, is that the data will be used in a way and for purposes that are not taken into account by the license. This can result in licensing violations, data protection violations, intellectual property infringements and violations of the law. For companies operating on many sites, it is important to focus on where data can be stored, retrieved and used. For example, the proposed data license may limit storage, access and use in the United States.
B market data for certain assets within a specified time after the market event. Finally, it`s important to define when your rights start and expire with respect to data. Often, data is granted for a limited subscription period, assuming it will be returned or destroyed at the end of the subscription period.