THE SEQUENCE
Four stages between signature and settlement
None of this is unusual, but it is worth knowing before you agree to it rather than after.
Extraction
The material named in the licence is pulled once from the systems it lives in. Scope was fixed before signing.
Preparation
The record is organised into something usable. This is where identifying fields come out.
Approval
Nothing is final until the prepared data is approved. Payment terms run from that point, not from signature.
Settlement
Net 30 to 60 once the data has been approved, shared, and anonymized.