What are the differences between instant acquisition and acquisition upon validation?

Modified on Tue, 11 Oct, 2022 at 5:28 PM

In most cases, data is subject to validation before acquisition. In other words, the acquirer must obtain prior consent from the provider before acquiring the data.

For instant acquisitions, the data may be purchased immediately without prior consent or the possibility of refusal by the provider.

How does a transaction upon validation work?
The acquirer sends the provider an acquisition request about a particular offering. The two parties can then have a conversation to discuss the potential acquirer’s questions, and determine the most suitable license if more than one is available.

The acquisition process involves several steps:

During the discussion, the acquirer specifies which license they would like to acquire, and formulates an acquisition request.
At any time, the provider may validate or reject the acquisition request.
As soon as the provider validates the acquirer’s request, the acquirer may begin the data acquisition procedure.

Can a provider reject my acquisition?
Yes, with acquisition subject to validation, the provider may refuse to grant you use of the data without having to specify the reason.

In what cases is instant acquisition possible?
Instant acquisition may be available to you when all the conditions for the transaction process have been met, including technical, contractual, and regulatory aspects. The offering must respect certain constraints, for example: the offering may not contain personal data; it must only involve one license, etc.