Contract types

The current legal and regulatory framework act as guidelines but does not contain nuanced instructions as to the form and type of legal instruments that are required to protect companies from liabilities that might arise during the generation, transfer, storage and analytics of data generated in industrial activities. The application of bilateral or multilateral contract agreements that are currently in use in industry serve a basis to start defining what are the issues at stake. Typical industrial contacts include:

• Alliance: A framework for an alliance or collaboration between parties.
• Corporate Joint Venture (short form): A framework for a joint venture between two parties to establish a jointly owned company.
• Commercial Sale of Goods: An agreement for the sale of manufactured goods between a seller and a buyer. It contains added specifications and explanations on issues such as lack of conformity and limitation of the sellers’ liability.
• Long-Term Supply of Goods: An agreement for the long-term supply of manufactured goods between a supplier and a customer.
• Manufacture Agreement: An agreement under which the client wants the manufacturer to design, manufacture and deliver certain goods, which the client intends to integrate into its own final products or its services.
• Distribution of Goods: An agreement for the distribution of manufactured goods, between a supplier and a distributor, whether or not the supplier is the manufacturer of the goods.
• Commercial Agency: An agreement under which a commercial agent negotiates the sale or purchase of goods on behalf of another person (the principal).
• Supply of Services: An agreement under which a service provider provides certain services to a client.