A set of signed, legally-binding agreements that define the terms and conditions of interactions between two or more parties. Data contracts may specify the roles and responsibilities of each party, ownership of data and usage rights, acceptable levels of privacy, provenance, data sovereignty, methods of data validation, and storage/disposal requirements.
"When we partnered with another company to process our user's inputs into our chatbot, we had to set up data contracts to make sure our users' privacy preferences were honored and that their data stayed in the right legal jurisdictions."
