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Data contracts are internal agreements between data producers and consumers that include a definition of schema, data semantics, SLA, and terms of use. They are structured and consistent across teams, often involving a cultural change. CDO and CTO collaboration brings accountability to data teams. Data contracts address challenges of producers not understanding downstream use cases due to lack of visibility. To meet the higher standards required for machine learning and consumer-facing apps, data teams are now focused on creating robust data contracts.