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 can be enhanced within the context of regulatory data sandboxes where data, including personal information (6), is shared between companies in accordance with the Parties' respective laws and regulations. 2. Parties also recognize that data-sharing mechanisms, such as trusted data-sharing frameworks and open licensing agreements, facilitate data sharing and promote the use of data in the digital environment for: (a) promote innovation and creativity; (b) facilitate the dissemination of information, knowledge, technology, culture and the arts, and (c) promoting competition and open and efficient markets. 3. The Parties shall seek to collaborate on data sharing projects and mechanisms, and on proof of concepts for new uses of data, including data sandboxes, to promote data- driven innovation.

Data Innovation. 1. The Parties recognise that cross-border data flows and data sharing enable data- data-driven innovation. The Parties further recognise that innovation can may be enhanced within the context of regulatory data sandboxes where data, including personal information (6)information16, is shared between companies amongst businesses in accordance with the Parties' respective laws and regulationsapplicable domestic laws. 2. The Parties also recognize recognise that data-data sharing mechanisms, such as trusted data-data sharing frameworks frameworks, and open licensing agreements, facilitate data sharing and promote the its use of data in the digital environment forto: (a) promote Promote innovation and creativity; (b) facilitate Facilitate the dissemination diffusion of information, knowledge, technology, culture and the arts, ; and (c) promoting ▇▇▇▇▇▇ competition and open and efficient markets. 3. The Parties shall seek endeavour to collaborate on data data-sharing projects and mechanisms, and on proof of concepts for new uses of data, including data sandboxes, to promote data- data-driven innovation.