Common use of Data Innovation Clause in Contracts

Data Innovation. 1. The Parties recognise that cross-border data flows and data sharing enable data-driven innovation. The Parties further recognise that innovation may be enhanced within the context of regulatory data sandboxes where data, including personal information,13 is shared amongst businesses in accordance with the Parties’ respective laws and regulations. 2. The Parties also recognise that data sharing mechanisms, such as trusted data sharing frameworks and open licensing agreements, facilitate data sharing and promote its use in the digital environment to: (a) promote innovation and creativity; (b) facilitate the diffusion of information, knowledge, technology, culture and the arts; and 13 For greater certainty, this is without prejudice to Article 4.2 (Personal Information Protection). (c) ▇▇▇▇▇▇ competition and open and efficient markets. 3. The Parties shall endeavour to collaborate on data-sharing projects and mechanisms, and proof of concepts for new uses of data, including data sandboxes, to promote data-driven innovation.