This Non-Disclosure Agreement For Accounting Firm is essential for accounting practices operating in the United Arab Emirates that need to protect sensitive client information and proprietary methodologies. The document is designed to comply with UAE Federal Law No. 12 of 2014 and related regulations, addressing both traditional accounting services and digital information handling. It should be used when engaging with new clients, working with contractors, or sharing sensitive financial information with third parties. The agreement covers various aspects of confidentiality, including financial records, business strategies, client data, and proprietary accounting methodologies, while ensuring compliance with UAE professional standards and data protection requirements. This document is particularly crucial given the sensitive nature of financial information handled by accounting firms and the strict confidentiality requirements under UAE law.
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1. Parties: Identification of the accounting firm and the other party, including full legal names, addresses, and registration details as per UAE requirements
2. Background: Context of the agreement, nature of the accounting services, and the purpose of sharing confidential information
3. Definitions: Detailed definitions including 'Confidential Information', 'Professional Services', 'Authorized Personnel', and other key terms specific to accounting services
4. Scope of Confidentiality: Detailed description of what constitutes confidential information in the accounting context, including financial records, client data, methodologies, and trade secrets
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 regulatory requirements and legal obligations
7. Data Protection and Security: Specific measures required to protect confidential information, including digital security requirements
8. Return or Destruction of Information: Procedures for returning or destroying confidential information upon termination or request
9. Term and Termination: Duration of the agreement and circumstances for termination
10. Breach and Remedies: Consequences of breach and available remedies under UAE law
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
1. Intellectual Property Rights: Additional provisions regarding IP ownership and rights, used when proprietary methodologies or software are involved
2. Third Party Disclosure: Specific provisions for sharing information with third parties like subcontractors or affiliated firms
3. International Data Transfer: Requirements for cross-border data transfers, needed when dealing with international clients or branches
4. Regulatory Compliance: Specific provisions relating to regulatory requirements, particularly relevant for regulated entities
5. Insurance Requirements: Provisions regarding professional indemnity insurance and coverage for data breaches
6. Audit Rights: Rights to audit compliance with confidentiality obligations, typically included for high-value or high-risk engagements
7. Force Majeure: Provisions for unforeseen circumstances affecting confidentiality obligations
1. Schedule 1 - Specified Confidential Information: Detailed list of specific types of confidential information covered
2. Schedule 2 - Authorized Personnel: List of personnel authorized to access confidential information
3. Schedule 3 - Security Protocols: Detailed security measures and protocols for handling confidential information
4. Schedule 4 - Data Processing Requirements: Specific requirements for processing and handling different types of data
5. Appendix A - Confidentiality Acknowledgment Form: Form for individual employees to acknowledge confidentiality obligations
6. Appendix B - Information Return/Destruction Certificate: Template certificate for confirming return or destruction of confidential information
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