Multiparty NDA Template for United Arab Emirates

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Key Requirements PROMPT example:

Multiparty NDA

"I need a Multiparty NDA under UAE law for a joint venture between my tech company, two software developers, and a financial investor, where we'll be sharing proprietary software code and financial projections for a new fintech platform launch in March 2025."

Document background

This Multiparty NDA is essential for complex business transactions in the UAE where multiple stakeholders need to exchange confidential information. The document is particularly relevant for joint ventures, mergers and acquisitions, project developments, or collaborative business initiatives where multiple parties need access to proprietary information. It complies with UAE Federal Laws, including the Civil Code and Trade Secrets Protection Law, making it suitable for both local and international parties operating within UAE jurisdiction. The agreement typically covers technical information, business plans, financial data, and other proprietary information, with specific provisions for digital data protection and cross-border information sharing.

Suggested Sections

1. Parties: Identification of all participating parties to the NDA, including their legal names, addresses, and registration details

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

3. Definitions: Clear definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', and 'Authorized Recipients'

4. Scope of Confidentiality: Detailed description of what constitutes confidential information under the agreement

5. Obligations of Confidentiality: Core confidentiality obligations and standards of care required from all parties

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed and to whom

7. Security Measures: Required security measures for protecting confidential information

8. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request

9. Term and Survival: Duration of the agreement and provisions that survive termination

10. Breach and Remedies: Consequences of breach and available remedies under UAE law

11. General Provisions: Standard contract clauses including governing law, jurisdiction, and notices

Optional Sections

1. Mutual vs One-Way Obligations: Additional provisions specifying if confidentiality obligations are mutual or one-way, used when parties have different roles and obligations

2. Digital Data Protection: Specific provisions for protecting digital information, required when confidential information includes electronic data

3. Competitive Activities: Provisions regarding non-competition and market activities, included when parties are potential competitors

4. International Transfer of Data: Provisions for cross-border data transfers, needed when parties are in different jurisdictions

5. Regulatory Compliance: Specific compliance requirements for regulated industries

6. Representatives and Warranties: Additional warranties regarding the confidential information and its use, included for complex commercial relationships

Suggested Schedules

1. Schedule 1 - Party Details: Detailed information about each party, including authorized representatives and contact details

2. Schedule 2 - Confidential Information Categories: Detailed categorization of different types of confidential information covered

3. Schedule 3 - Authorized Recipients: List of individuals or roles authorized to receive confidential information

4. Schedule 4 - Security Protocols: Specific security measures and protocols to be followed

5. Schedule 5 - Disclosure Record Form: Template for recording any permitted disclosures of confidential information

6. Schedule 6 - Return/Destruction Certificate: Form for certifying the 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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology

Financial Services

Real Estate Development

Healthcare

Manufacturing

Energy and Utilities

Professional Services

Telecommunications

Construction

Maritime and Logistics

Aviation

Retail and Consumer Goods

Relevant Teams

Legal

Executive Leadership

Business Development

Project Management

Finance

Operations

Research and Development

Compliance

Risk Management

Corporate Secretariat

Information Technology

Procurement

Strategy

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Business Development Manager

Project Manager

Chief Financial Officer

Investment Director

Operations Director

Research and Development Manager

Technology Officer

Compliance Officer

Risk Manager

Corporate Secretary

Managing Director

Partnership Manager

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Authors

Alex Denne

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