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Business Development Contract for Saudi Arabia

Business Development Contract Template for Saudi Arabia

A comprehensive legal agreement governed by Saudi Arabian law that establishes the terms and conditions for business development services. This document outlines the scope of services, compensation structure, performance metrics, and compliance requirements while ensuring adherence to Saudi commercial regulations and Sharia principles. It includes provisions for territory definition, exclusivity options, reporting requirements, and dispute resolution mechanisms specific to the Saudi Arabian jurisdiction, making it suitable for both domestic and international business relationships within the Kingdom.

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Business Development Contract

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What is a Business Development Contract?

The Business Development Contract is essential for companies operating in Saudi Arabia who wish to formalize their business development relationships and activities. This document is particularly relevant in the context of Saudi Vision 2030, which emphasizes private sector growth and economic diversification. It serves as a comprehensive framework for engaging business development professionals or firms, ensuring compliance with Saudi commercial laws, including the Commercial Court Law (Royal Decree No. M/32) and relevant regulations. The contract typically covers service scope, territorial rights, compensation structures, and performance metrics, while incorporating necessary provisions for Sharia compliance. It's designed to protect both parties' interests while facilitating business growth and development within the Kingdom's legal framework.

What sections should be included in a Business Development Contract?

1. Parties: Identification of the contracting parties, including full legal names, addresses, and registration details

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Scope of Services: Detailed description of business development services to be provided

5. Term and Territory: Duration of the agreement and geographical scope of services

6. Compensation and Payment Terms: Details of fees, commissions, and payment schedules

7. Performance Metrics: Key performance indicators and evaluation criteria

8. Obligations of the Business Developer: Specific duties, responsibilities, and commitments

9. Client Obligations: Support, resources, and information to be provided by the client

10. Compliance with Laws: Commitment to comply with Saudi laws and regulations

11. Confidentiality: Protection of confidential information and trade secrets

12. Intellectual Property Rights: Ownership and usage rights of IP created during the engagement

13. Termination: Conditions and procedures for contract termination

14. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law

15. General Provisions: Standard legal clauses including notices, amendments, and assignment

What sections are optional to include in a Business Development Contract?

1. Exclusivity: Terms of exclusive rights, if applicable

2. International Operations: Specific provisions for cross-border activities, required when operating internationally

3. Training and Support: Details of training provided to client's staff, if part of services

4. Marketing and Branding: Guidelines for use of client's brand and marketing materials

5. Force Majeure: Provisions for unforeseen circumstances preventing performance

6. Insurance Requirements: Specific insurance coverage requirements for higher-risk activities

7. Data Protection: Additional privacy and data protection measures, particularly important for digital services

8. Succession Planning: Provisions for transition of services, important for long-term contracts

What schedules should be included in a Business Development Contract?

1. Schedule A - Service Level Agreement: Detailed performance metrics and service standards

2. Schedule B - Compensation Structure: Detailed breakdown of fees, commissions, and bonus structures

3. Schedule C - Territory Map: Geographical areas covered by the agreement

4. Schedule D - Reporting Templates: Standard formats for performance and activity reporting

5. Schedule E - Key Personnel: List of key team members and their roles

6. Schedule F - Compliance Checklist: Specific regulatory requirements and compliance measures

7. Appendix 1 - Business Development Plan: Detailed strategy and implementation plan

8. Appendix 2 - Contact Details: Key contact information for both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Saudi Arabia

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions

















































Clauses









































Relevant Industries

Oil & Gas

Technology

Construction

Healthcare

Financial Services

Manufacturing

Retail

Telecommunications

Real Estate

Education

Defense

Professional Services

Tourism & Hospitality

Transportation & Logistics

Energy & Utilities

Mining & Minerals

Relevant Teams

Legal

Business Development

Sales

Compliance

Finance

Operations

Strategy

Corporate Development

Commercial Operations

Risk Management

Procurement

Executive Leadership

Relevant Roles

Business Development Manager

Chief Executive Officer

Commercial Director

Legal Counsel

Compliance Officer

Sales Director

Strategic Partnership Manager

Market Development Manager

Regional Director

Business Development Representative

Contract Manager

Project Manager

Account Executive

Growth Manager

Business Analyst

Corporate Development Officer

Industries









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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