ELI5: Explain Like I'm 5

Access and Benefit Sharing Agreement

Access and benefit sharing agreements are deals between people or organizations that involve sharing something with each other. For example, if you own a piece of land and another person wants to use your land, they might offer you money or goods in return. This is an access and benefit sharing agreement because they both get something out of it. It's important to make sure the agreement is fair, so that everyone involved gets something they are happy with.