Non Disclosure Agreement For Accounting Firm Template for England and Wales

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Key Requirements PROMPT example:

Non Disclosure Agreement For Accounting Firm

"I need a Non Disclosure Agreement For Accounting Firm to protect sensitive client data when working with a large manufacturing company, including provisions for international data transfers and specific clauses about our proprietary tax optimization software."

Document background

The Non Disclosure Agreement For Accounting Firm is essential when sensitive financial, business, or personal information is shared during the provision of accounting services. This document, governed by English and Welsh law, establishes confidentiality obligations, defines the scope of protected information, and ensures compliance with UK data protection requirements and professional accounting standards. It's particularly crucial for protecting client data, proprietary methodologies, and maintaining professional service relationships.

Suggested Sections

1. Parties: Identification and details of the disclosing and receiving parties

2. Background: Context and purpose of the NDA

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

4. Confidentiality Obligations: Core obligations regarding handling of confidential information

5. Permitted Disclosures: Circumstances under which confidential information may be shared

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

7. Return of Information: Procedures for returning or destroying confidential information

Optional Sections

1. Employee Obligations: Specific provisions for staff members when the agreement covers employees of the accounting firm

2. International Transfer: Provisions for international data transfers when information may be transferred outside the UK

3. Intellectual Property: Protection of IP rights when proprietary methods or software are involved

Suggested Schedules

1. Schedule 1: Scope of Confidential Information: Detailed list of information types covered by the agreement

2. Schedule 2: Security Measures: Specific security requirements for handling confidential information

3. Schedule 3: Authorized Representatives: List of individuals authorized to access 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

Professional Services
Financial Services
Corporate
Public Sector

Relevant Teams

Finance
Legal
Compliance
Risk Management
Information Security

Relevant Roles

Chief Financial Officer
Financial Controller
Chartered Accountant
Tax Director
Audit Manager

Industries

UK GDPR and Data Protection Act 2018: Core data protection legislation that governs how personal and sensitive data must be handled, processed, and protected

PECR: Privacy and Electronic Communications Regulations governing electronic communications and data privacy

ICAEW Regulations: Professional standards and regulations set by the Institute of Chartered Accountants in England and Wales for accounting practices

FRC Requirements: Financial Reporting Council requirements governing accounting standards and practices

Money Laundering Regulations 2017: Regulations concerning anti-money laundering procedures and requirements for financial services and accounting firms

Common Law Contract Principles: Fundamental principles of contract law in England and Wales, including offer, acceptance, consideration, and intention to create legal relations

Misrepresentation Act 1967: Legislation governing false or misleading statements made during contract formation

Contract Rights of Third Parties Act 1999: Law governing how third parties may enforce terms of a contract

Employment Rights Act 1996: Key employment legislation relevant when NDAs involve employees or workers

Equality Act 2010: Legislation protecting against discrimination and promoting equality in employment and services

Trade Secrets Regulations 2018: Regulations protecting against the unlawful acquisition, use and disclosure of trade secrets

Financial Services and Markets Act 2000: Primary legislation governing financial services regulation in the UK

Companies Act 2006: Core company law legislation affecting corporate governance and business operations

ICAEW Code of Ethics: Professional ethical standards that chartered accountants must adhere to

FCA Regulations: Financial Conduct Authority regulations governing financial services and related activities

Competition Act 1998: Legislation preventing anti-competitive practices and agreements

Enterprise Act 2002: Law governing competition, mergers, and business practices that may affect market competition

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Authors

Alex Denne

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