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Non Disclosure Agreement Property

Non Disclosure Agreement Property Template for United Arab Emirates

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Key Requirements PROMPT example:

Non Disclosure Agreement Property

"Need a Non Disclosure Agreement Property for a UAE residential development project between our property development company and potential investors, to protect confidential information about our upcoming luxury villa complex in Dubai, with the agreement to commence from March 2025."

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Document background
The Non Disclosure Agreement Property is a specialized legal document designed for use in the United Arab Emirates' real estate and property sector. It becomes essential when parties need to exchange sensitive information during property transactions, development projects, or investment discussions. This document is particularly relevant in the UAE's dynamic property market, where significant commercial and residential developments require careful protection of confidential information. The agreement covers various aspects including property valuations, development plans, financial projections, and proprietary methodologies, while ensuring compliance with UAE federal and emirate-specific property laws. It is commonly used during due diligence processes, property negotiations, joint venture discussions, and development planning phases.
Suggested Sections

1. Parties: Identification of the disclosing party (property owner/developer) and receiving party, including full legal names and addresses

2. Background: Context of the disclosure, nature of the property-related transaction or relationship

3. Definitions: Key terms including 'Confidential Information', 'Property', 'Permitted Purpose', 'Representatives'

4. Scope of Confidential Information: Detailed description of property-related confidential information covered

5. Obligations of Confidentiality: Core confidentiality obligations and standard of care required

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

7. Security Measures: Required measures to protect confidential information

8. Return or Destruction of Confidential Information: Obligations regarding confidential materials upon termination

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

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

11. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction details

Optional Sections

1. Intellectual Property Rights: Used when confidential information includes property-related IP such as designs, plans, or methods

2. Data Protection: Required when personal data is included in the confidential information

3. Non-Solicitation: Optional clause preventing solicitation of employees/clients, used in larger property transactions

4. Non-Competition: Used when parties are potential competitors in the property market

5. Force Majeure: Optional clause for circumstances preventing compliance with obligations

6. Assignment and Succession: Used when transfer of rights needs to be addressed, particularly relevant for property developers

7. Electronic Communications: Required when parties will exchange confidential information electronically

Suggested Schedules

1. Schedule 1 - Description of Property: Detailed description of the property or properties involved

2. Schedule 2 - Specified Confidential Information: Detailed list of specific documents and information deemed confidential

3. Schedule 3 - Authorized Representatives: List of individuals authorized to receive confidential information

4. Schedule 4 - Security Protocols: Specific security measures and protocols for handling confidential information

5. Appendix A - Form of Confidentiality Undertaking: Template for confidentiality undertaking by representatives

6. Appendix B - Destruction Certificate: Template certificate confirming 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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Affiliate
Authorized Recipients
Business Day
Business Hours
Confidential Information
Disclosing Party
Effective Date
Group
Information
Intellectual Property Rights
Notice
Permitted Purpose
Property
Property Documents
Property Rights
Receiving Party
Representatives
Security Requirements
Subsidiary
Term
Third Party
Transaction
UAE
Working Hours
Confidential Materials
Development Plans
Due Diligence Information
Financial Information
Property Details
Project
Real Estate Assets
Related Parties
Sensitive Information
Technical Information
Trade Secrets
Valuation Information
Clauses
Confidentiality Obligations
Property Description
Disclosure and Use
Access Rights
Security Measures
Return or Destruction
Non-Circumvention
Term and Termination
Permitted Disclosures
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Representations and Warranties
Remedies
Indemnification
Force Majeure
Assignment
Notices
Severability
Entire Agreement
Amendment
Governing Law
Jurisdiction
Dispute Resolution
Costs
Third Party Rights
Counterparts
Language
Electronic Communications
Relevant Industries

Real Estate

Property Development

Construction

Architecture & Design

Property Investment

Facilities Management

Property Technology

Real Estate Finance

Property Insurance

Urban Planning

Real Estate Consulting

Hospitality

Relevant Teams

Legal

Real Estate

Property Development

Investment

Operations

Facilities Management

Project Management

Finance

Acquisitions

Asset Management

Construction

Architecture

Valuations

Relevant Roles

Real Estate Director

Property Development Manager

Investment Analyst

Real Estate Broker

Property Consultant

Legal Counsel

Development Director

Asset Manager

Facilities Manager

Acquisition Manager

Project Manager

Construction Manager

Architecture Director

Property Valuation Specialist

Real Estate Finance Manager

Operations Director

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Fundamental law governing contracts, obligations, and civil transactions in the UAE. Contains provisions about contract formation, validity, and enforcement.
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Governs commercial transactions and contains provisions about confidentiality in commercial dealings and business relationships.
UAE Penal Code (Federal Law No. 3 of 1987): Contains provisions relating to the disclosure of confidential information and penalties for breach of confidence.
Dubai Property Law (Law No. 7 of 2006): Regulates property rights and transactions in Dubai, including requirements for disclosure and confidentiality in property dealings.
UAE Federal Law No. 4 of 2012 on Competition: Contains provisions about protection of competitive business information and trade secrets.
UAE Cyber Crime Law (Federal Law No. 5 of 2012): Relevant for NDAs involving electronic information and data protection aspects of confidential property information.
DIFC Law No. 5 of 2005: For properties in DIFC free zone - contains specific provisions about property rights and confidentiality obligations.
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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