Contracts today can still cover routine vendors like office supplies and furniture, but increasingly they extend into customer data, algorithms, and the outputs generated from them. This shift raises critical questions about data ownership, usage rights, oversight, and risk allocation, requiring legal teams to rethink how these agreements are structured and negotiated. This panel will explore how legal departments handle data driven contracts, monitor information, navigate ownership issues, and identify key red and green flags to protect the business while enabling innovation.