The standard defines a taxonomy, which shall be used to describe the rules and categories of data rights in data contracts that govern the capture, use, sharing and trade of data. This includes the permitted use, restricted use, exceptions, duration of use and/or storage and geography of use and/or storage of human-generated data. The standard is intended to describe the parameters of trade of data, regardless of the type/industry, or the file type. These parameters include permitted use, restricted use, exceptions, jurisdiction of processing, duration of the processing, individual vs aggregate data.