This data licensing agreement (the agreement) is concluded and concluded on , 201 (“effective date”) of and between “MLS,” a licensed real estate agent or broker and a participant in the MLS (“participant”) and (“supplier”). In some cases, the data is granted for specific purposes and only for that purpose. In the case of a bank, a client may, for example, provide data for the purpose of opening and maintaining an account, obtaining a mortgage or other loan, participating in a business transaction, facilitating the conclusion of necessary “Know Your Customer” audits, etc. However, in many cases, the data is transmitted to other databases where it is used without their knowledge for new or other purposes. It is therefore important that the taker strive to include in the data license all possible purposes for which the data can be used, including, where possible, future uses (which, in this example, could be a customer agreement). If the allocation clause is not as broad with respect to these potential future uses, compliance processes are required to avoid a potential licence violation. It goes without saying that the licensee cannot grant the licensee more extensive rights to the data than the licensee. Therefore, it is important that the taker is satisfied with due diligence and that the licensing agreement indicates that the licensee has all the rights and grants the taker all the rights the taker needs to use the data for the intended purpose. This is particularly true for personal data where, in many cases, the licensee does not receive personal data directly from the person concerned. Where notification or consent from the person concerned is required, it is important that the licensee assures and guarantees that he has issued such a notification or received such consent, or that he has received appropriate assurances that the company providing the data has done so.