Data Contract

A data contract is a formal agreement between parties that outlines the structure, quality, and access rights related to data exchanged between them. This contract ensures that all stakeholders have a clear understanding of how data should be structured, the quality standards it must meet, and the permissions required for its access and use. By defining these parameters, data contracts help to prevent misunderstandings and misuse of data, facilitating smoother collaboration and data integration. They are crucial in maintaining data integrity and compliance, especially in industries with stringent data governance regulations. Data contracts can also specify how data discrepancies will be resolved and the procedures for data updates and maintenance.