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CBUAE_Non_Disclosure_Undertaking

This Non-Disclosure Undertaking is an agreement between a company and the Central Bank of the UAE (CBUAE) to protect confidential information disclosed by the CBUAE. The company agrees to treat all disclosed information as confidential, use it solely for its intended purpose, and restrict access to authorized personnel. The obligations under this Undertaking remain in effect indefinitely and are governed by UAE law.

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24 views

CBUAE_Non_Disclosure_Undertaking

This Non-Disclosure Undertaking is an agreement between a company and the Central Bank of the UAE (CBUAE) to protect confidential information disclosed by the CBUAE. The company agrees to treat all disclosed information as confidential, use it solely for its intended purpose, and restrict access to authorized personnel. The obligations under this Undertaking remain in effect indefinitely and are governed by UAE law.

Uploaded by

agileadvisors.dxb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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NON-DISCLOSURE UNDERTAKING

THIS NON-DISCLOSURE UNDERTAKING the (“Undertaking”) is made on


_______________

By

_______________
a company duly organized and existing under The Laws of ________
________represented by the signatory to this Undertaking; (as per the attached copy of
trade license)

To the CENTRAL BANK OF THE UAE (‘CBUAE’)


P.O.BOX 854, Abu Dhabi, United Arab Emirates

“We” “Us” and “Our” means the undersigned company, including parent companies,
subsidiaries and all its associated and affiliated, person, partnership, company.

“Confidential Information” means, all information (whether in written, oral or electronic


format and whether disclosed directly or indirectly) designated as such by the CBUAE
together with such other information which relates to the business, affairs, customers,
products, developments, operations, processes, trade secrets, and personnel and/or any
other information which the CBUAE designates or identifies as being Confidential, this
includes any Engagement or Agreement to be signed between the CBUAE and Us
(“Agreement”)
In consideration of the CBUAE disclosing or agreeing to disclose to us confidential
information,
We, ___________________ have read and agree to be bound by this Undertaking
(including all terms and conditions stipulated herein) as stipulated by the CBUAE and WE,
FURTHER CONFIRM THAT:

1. We shall treat all Information disclosed by the CBUAE by whatever means as being
strictly private and confidential information.

2. We shall use the Confidential Information solely for the specific purposes for
which it was intended

3. Save as expressly provided in Clause (9) below, the Confidential Information is and
shall remain the CBUAE valuable, confidential and proprietary information and We
agree to receive and hold the Confidential Information disclosed upon the terms
and conditions set forth in this Undertaking.

4. We shall take all practical steps to keep the Confidential Information confidential
and any access thereof shall be restricted on a need to know basis, (only to our
team) where the disclosure is as per the purpose for which it was intended
and that our team members comply with this Undertaking.

5. We will not publish, refer, provide or disseminate the Confidential Information


obtained pursuant to this Undertaking or under any other arrangement to any
third party without the written consent of the CBUAE and upon condition that
such third party undertakes to be bound by similar terms and conditions of this
Undertaking.
6. All person(s) authorized on behalf of Us who have access to the Confidential
Information disclosed, are fully aware of the confidentiality status of the
information and shall utilize the concepts and information in accordance with the
purpose for which it was intended.

7. We shall bear all liabilities for any breach to this Undertaking made by any
person(s) or third parties stipulated in Clause (4) and (5) above.

8. We shall:
(a) Notify the CBUAE promptly after becoming aware of a suspected breach
or actual breach of this Undertaking; and

(b) Take all reasonable steps, at our own expense, to prevent or stop the
suspected breach or actual breach of this Undertaking.

9. The obligations imposed upon Us under this Undertaking shall not apply to any
of the Confidential Information disclosed which:
(a) is now in or subsequently enters into the public domain other than by a
reason of breach of this Undertaking; or
(b) is lawfully obtained from a third party who in making such disclosure to Us
has not breached any duty of confidence to the CBUAE; or
(c) We can reasonably demonstrate that the Confidential Information
disclosed was known by Us, under no obligation of confidence, prior to
receipt of the Confidential Information disclosed by the CBUAE.
(d) Is required to be disclosed by law or an UAE Court order.

10. Except for the limited use permitted hereunder, nothing in this Undertaking shall
be construed as giving Us any right, title, interest or copyright to the Confidential
Information disclosed nor any license to use, sell, exploit, copy, refer or further
develop such Confidential Information disclosed.
11. Upon the request of the CBUAE We shall promptly return all Confidential
Information in our possession or control to the CBUAE and certify in writing that
any remaining copies thereof in our possession or control has been destroyed
except for any legal, archival copies that may be contained in back-up systems and
to the extent we reasonably require to retain to support any advice, opinion or
report that we may provide to CBUAE.

12. This Undertaking shall be governed by the laws of the UAE and We agree to submit
to the exclusive jurisdiction of the competent Courts of UAE

13. This Undertaking has been provided in two (2) original copies, in English whereby
the Parties shall each hold one (1) copy.

14. This Undertaking, including all obligations imposed upon Us herein shall remain in
force indefinitely.

15. Any Notice or other document to be served under this Undertaking may be
delivered or sent to:
Attention :
Position :
E-mail :

Any notice shall be deemed to have been duly given:

- In the case of delivery by hand, when delivered


- In the case of email, at the time of transmission should there be no error
message received by the sender. If the email is sent after 3:00 pm on a UAE
Business Day then it shall be deemed delivered on the next UAE Business Day.
- In the case of delivery by courier, on the third day following the date of
collection by the courier provided that in each case where delivery occurs after
3.00pm on a UAE Business Day or on a day which is not a UAE Business Day
delivery shall be deemed to occur at 9:00 am the next following UAE Business
Day

All notices under or in connection with this Undertaking shall be in the English
language

16. Should any provision of this Undertaking be declared void or unenforceable, such
provision shall be severed from this Undertaking which shall otherwise remain in
full force and effect.

17. This Undertaking may only be varied by the CBUAE accordingly.

Duly Authorized For and on behalf of _______________________

Signed:

Name: ______

Position: ________

Date: _______

________________________________
Seal:

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