The Principles for a Data Economy – Data Rights and Transactions is a transatlantic legal project carried out jointly by the American Law Institute (ALI) and the European Law Institute (ELI).[1] The Principles for a Data Economy deals with a range of different legal questions that arise in the data economy.[2] Since data is different from other tradeable items, the Principles draw up legal rules for data transactions and data rights that take into account the interests of different stakeholders involved in the data economy. The Principles are designed to facilitate contractual relations as well as the drafting of model agreements and can guide courts and legislators worldwide.
The project proposes a set of principles that can be implemented in any legal system and is designed to work in conjunction with any kind of data privacy/data protection law, intellectual property law or trade secret law. The Principles do not address or seek to change any of the substantive rules of these bodies of law.[3]
The Project Team consists of Neil B Cohen and Christiane Wendehorst (as Project Reporters) and Lord John Thomas as well as Steven O. Weise (as Project Chairs).
^"Current Projects". American Law Institute. Retrieved 2021-05-26.
^"Building a European Data Economy". European Commission. 10 January 2017. Retrieved 2021-05-26.
^"General Provisions". Principles for a Data Economy. Retrieved 2021-05-26.
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