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Two main documents make up iSHARE's legal provisions:
- The Accession Agreement;
The main contract between the participant and the iSHARE Scheme Owner. This contract refers to the terms of use, including all iSHARE specifications, to which all participants must abide. After signing the Accession Agreement, a party becomes a participant of the iSHARE Scheme either as an Adhering Party or a Certified Party. There are two separate Accession Agreements: one for Adhering Parties and one for Certified Parties). - The Terms of Use.
The Terms of Use further define the rights and obligations of every iSHARE participant Participant and the Scheme Owner. The Terms of Use apply to any party that has signed the Accession Agreement. The Terms of Use also state that participants fully abide by the iSHARE scheme specifications.
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Within iSHARE it is possible to explicitly provide instructions on how a service may be consumed or under which conditions data is exchanged. These instructions or conditions are called 'licenses'. Licenses are a crucial part of iSHARE, because they provide its participants the possibility to clearly state what is and what is not allowed. Since all iSHARE participants are bound to the same contract and underlying scheme rules, participants can appeal to each other to follow the provided licenses. Please refer to the iSHARE Terms iSHARE Terms of Use for a detailed legal explanation.