Confidentiality Agreement Financial Information Template for United Arab Emirates

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Key Requirements PROMPT example:

Confidentiality Agreement Financial Information

"I need a Confidentiality Agreement Financial Information for a UAE-based investment bank sharing sensitive financial data with a potential investor during due diligence, with extra provisions for cross-border data transfer as the investor is based in Singapore."

Document background
This Confidentiality Agreement Financial Information is essential for organizations operating in the UAE that need to share or receive sensitive financial data while ensuring compliance with local laws and regulations. The document is particularly relevant when parties need to exchange financial information during due diligence processes, financial audits, investment discussions, or business transactions. It incorporates specific requirements from UAE Federal Laws regarding data protection, banking secrecy, and financial institution regulations. The agreement is designed to protect various types of financial information including financial statements, investment data, banking records, tax information, and financial projections, while ensuring compliance with UAE regulatory requirements and international best practices for data protection.
Suggested Sections

1. Parties: Identification of the disclosing and receiving parties, including registration details and addresses

2. Background: Context of the agreement and the purpose for sharing confidential financial information

3. Definitions: Detailed definitions including 'Confidential Information', 'Financial Information', 'Authorized Persons', 'Permitted Purpose'

4. Scope of Confidential Information: Specific description of what constitutes confidential financial information under the agreement

5. Obligations of Confidentiality: Core confidentiality obligations, including handling, storage, and protection of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to advisors and regulators

7. Security Measures: Required technical and organizational measures for protecting confidential information

8. Return or Destruction of Information: Obligations regarding the return or destruction of confidential information upon termination

9. Duration and Survival: Term of the agreement and surviving obligations

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

Optional Sections

1. Regulatory Compliance: Additional provisions for compliance with specific financial regulations, used when dealing with regulated entities

2. Data Export Controls: Provisions regarding cross-border transfer of financial data, needed when information may be transferred outside UAE

3. Digital Security Requirements: Specific cybersecurity requirements, used when information is stored or transmitted electronically

4. Audit Rights: Rights to audit compliance with confidentiality obligations, included for high-value or high-risk arrangements

5. Insurance Requirements: Obligations to maintain specific insurance coverage, used in high-value transactions

6. Third Party Rights: Rights of third parties whose financial information may be included, used when third party data is involved

7. Force Majeure: Provisions for unforeseen circumstances affecting confidentiality obligations, optional based on risk assessment

Suggested Schedules

1. Schedule 1 - Specified Financial Information: Detailed list of specific financial information covered by the agreement

2. Schedule 2 - Security Protocols: Detailed technical and organizational security measures required

3. Schedule 3 - Authorized Personnel: List of authorized personnel who may access the confidential information

4. Schedule 4 - Approved Subcontractors: List of approved third parties who may receive the information

5. Appendix A - Data Processing Requirements: Specific requirements for processing financial data in compliance with UAE law

6. Appendix B - Information Return/Destruction Certificate: Template certificate for confirming return or destruction of confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Banking

Insurance

Investment Management

Professional Services

Technology

Consulting

Real Estate

Healthcare

Manufacturing

Retail

Energy

Telecommunications

Transportation

Education

Relevant Teams

Legal

Finance

Compliance

Risk Management

Treasury

Corporate Development

Investment

Audit

Data Protection

Information Security

Corporate Finance

Financial Planning & Analysis

Mergers & Acquisitions

Banking Operations

Financial Control

Relevant Roles

Chief Financial Officer

Financial Controller

Finance Manager

Investment Manager

Financial Analyst

Compliance Officer

Legal Counsel

Risk Manager

Audit Manager

Treasury Manager

Investment Banker

Financial Advisor

Corporate Finance Director

Head of Finance

Data Protection Officer

Chief Investment Officer

Financial Director

Chief Risk Officer

Head of Compliance

Private Equity Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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