Avoiding buyer’s remorse over transactional data

Brittany Thomas, Senior Regulatory Analyst (New York)

Neudata Sentry
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At this point it is common for sophisticated buyers to include a contract term for expansive (and possibly undefined) notice and termination rights related to material changes in data. And many buyers expect refunds with respect to material breach. We find that, where buyers are not interested in litigating such terms, it can be helpful to reconsider more tailored terms with respect to (expensive) transactional datasets, to avoid disagreements around