Common use of New Data Clause in Contracts

New Data. Any New Data generated or developed jointly by the Members in accordance with this Agreement shall be owned jointly by the Members provided that the individual Members have contributed to the costs thereof in accordance with this Agreement. Each of the joint owners shall obtain a full copy of the New Data. Any New Data is Confidential Information and joint proprietary data and shall be treated as such under this Agreement. The New Data shall not for the period of 12 years from the date of initial submission to the Agency be sold, licensed or otherwise made available to third parties by any Member without prior written approval of 2/3 of the owners who have financially contributed to the costs thereof unless otherwise agreed by the Members, or required by law or in civil or criminal litigation, provided that the Member shall obtain approval of the Steering Committee for any submission and shall provide a copy of the court order.