Contractual Framework

The iSHARE Trust Framework is underpinned by legal agreements to which all participants (both Adhering Parties and Certified Parties) need to adhere:

• Legal Provisions

• Legal Agreements & Terms of Use

Part of the Terms of Use are the service level agreements with which adhering and certified parties should comply:

• Service levels

• Service levels for Adhering Parties

• Service levels for Certified Parties/Satellite

The service levels for Satellites or Data Space Authorities are monitored by the Foundation as the Scheme Owner. For each data space, the members can define service levels more firm or specific but not conflicting with ones defined by the Framework. A service level requirement for 95% availability can be set to 99% if it is more applicable for the data space, but not reduced to 80%.

DSSC Description

The Contractual Framework building block describes the legally enforceable agreements underlying the operation of a data space by different parties entering into a relationship with the data space.

There are three categories based on the subject matter of the agreement:

• Institutional agreements

• Data-sharing agreements

• Services agreements

These agreements differ in terms of the parties involved, their function, and the elements covered by the agreement.

Institutional agreements implement the governance of a data space and are an essential component of the Rulebook. They not only provide the general terms and conditions for participation in a data space but also underpin its existence and provide a legal basis for its operations. Data-sharing agreements provide the legal basis for the data transactions happening in a data space among data space participants, for example, Data Product Contract or Data Licenses. Services agreements refer to all agreements for the provision of services to data spaces.

The complete description is available here.