data transfer
Definition
Data transfer refers to the movement of personal or business information from one person, company, or country to another. This term most commonly comes up in privacy law and contract negotiations, where rules govern who can send data, where it can go, and how it must be protected along the way.
Example
If you use a payroll software company that stores your employee records on servers in Europe, that movement of your employees' personal information from your business to that company counts as a data transfer.
Watch Out
Different countries and U.S. states have strict laws about where personal data can travel, so sending customer information to a vendor without checking the rules first can expose your business to serious fines.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.