Data Exchange Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Data Exchange Agreement

"I need a Data Exchange Agreement for my fintech company based in Dubai to share customer transaction data with a third-party analytics provider in Abu Dhabi, ensuring compliance with UAE banking regulations and data protection laws, with the agreement to commence from March 1, 2025."

Document background

A Data Exchange Agreement is essential in today's data-driven business environment, particularly within the UAE's rapidly evolving digital landscape. This document is typically used when organizations need to share data in a controlled, secure, and compliant manner, whether for business operations, research, or service delivery purposes. The agreement must align with UAE Federal Decree Law No. 45 of 2021 and other relevant regulations, including specific requirements for free zones such as DIFC and ADGM where applicable. It addresses critical aspects such as data protection, security measures, permitted uses, and technical requirements for data transfer. The document is particularly important given the UAE's strict data protection regime and the increasing focus on digital transformation across various sectors, making it crucial for organizations to have proper legal frameworks in place for data sharing arrangements.

Suggested Sections

1. Parties: Identification of the parties entering into the agreement, including their full legal names, addresses, and registration details

2. Background: Context of the agreement, relationship between the parties, and general purpose of the data exchange

3. Definitions: Detailed definitions of key terms used throughout the agreement, including types of data, security terms, and technical terminology

4. Purpose and Scope: Specific purposes for which data will be exchanged and the scope of the data exchange activities

5. Data Description and Classification: Detailed description of the types of data to be exchanged and their classification levels

6. Rights and Obligations: Core responsibilities of each party regarding data handling, protection, and usage

7. Security Requirements: Mandatory security measures, protocols, and standards for data protection

8. Confidentiality: Obligations regarding data confidentiality and non-disclosure requirements

9. Data Protection Compliance: Compliance requirements with UAE data protection laws and regulations

10. Duration and Termination: Term of the agreement and circumstances for termination

11. Liability and Indemnification: Allocation of risks and responsibilities between parties

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

13. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions

Optional Sections

1. Cross-Border Transfers: Required when data will be transferred outside the UAE, addressing compliance with international transfer requirements

2. Industry-Specific Compliance: Added when dealing with regulated industries like healthcare or financial services

3. Disaster Recovery: Detailed disaster recovery and business continuity requirements for critical data exchange

4. Audit Rights: Specific provisions for audit and inspection rights, particularly relevant for regulated industries

5. Sub-processors: Required when either party may engage sub-processors to handle the exchanged data

6. Data Breach Notification: Detailed procedures for handling and reporting data breaches, beyond standard security requirements

7. Insurance Requirements: Specific insurance obligations for high-value or high-risk data exchange

8. Exit Management: Detailed procedures for transitioning data and services upon termination

Suggested Schedules

1. Technical Specifications: Detailed technical requirements for data exchange, including formats, protocols, and systems

2. Security Standards: Specific security standards, certifications, and protocols required for data exchange

3. Data Fields and Formats: Detailed specification of data fields, formats, and validation requirements

4. Service Levels: Performance metrics, availability requirements, and response times for data exchange

5. Contact Matrix: Key contacts and escalation procedures for operational and emergency situations

6. Fees and Charges: If applicable, detailed breakdown of any fees or charges related to the data exchange

7. Processing Activities: Detailed description of data processing activities and purposes

8. Sub-processor List: If applicable, approved list of sub-processors and their roles

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services

Healthcare

Technology

Telecommunications

Government and Public Sector

Real Estate

Education

E-commerce

Manufacturing

Professional Services

Insurance

Energy and Utilities

Transportation and Logistics

Research and Development

Relevant Teams

Legal

Information Technology

Information Security

Compliance

Risk Management

Operations

Data Management

Privacy

Commercial

Project Management

Information Governance

Systems Administration

Database Administration

Contract Management

Relevant Roles

Chief Information Officer

Data Protection Officer

Legal Counsel

Compliance Manager

Information Security Manager

Privacy Officer

IT Director

Chief Technology Officer

Risk Manager

Operations Director

Commercial Manager

Project Manager

Business Analyst

Chief Data Officer

Systems Administrator

Database Administrator

Information Governance Manager

Contract Manager

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Authors

Alex Denne

Find the exact document you need

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