This Business To Business NDA template is specifically designed for use in commercial relationships governed by Saudi Arabian law. It serves as a crucial legal instrument for protecting confidential information exchanged between companies operating in or dealing with Saudi Arabian businesses. The document is particularly relevant in the context of commercial negotiations, joint ventures, strategic partnerships, and other business relationships where sensitive information needs to be shared. It incorporates essential elements required by Saudi commercial law and Shariah principles, including specific provisions for enforcement, dispute resolution, and compliance with Saudi data protection regulations. The template is structured to accommodate both domestic Saudi companies and international entities engaged in business activities within Saudi Arabia.
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1. Parties: Identification of the parties entering into the agreement, including full legal names, commercial registration numbers, and addresses
2. Background: Context of the business relationship and purpose of sharing confidential information
3. Definitions: Clear definitions of key terms, especially 'Confidential Information', 'Representatives', 'Permitted Purpose'
4. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information
5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and professional advisors
6. Protection Measures: Specific security measures required to protect confidential information
7. Return or Destruction: Obligations regarding the return or destruction of confidential information upon request or termination
8. Duration and Survival: Term of the agreement and surviving obligations
9. Breach and Remedies: Consequences of breach and available remedies under Saudi law
10. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes
1. Shariah Compliance: Explicit statement of Shariah compliance - recommended for international parties
2. Data Protection: Additional provisions for compliance with Saudi data protection laws when personal data is involved
3. Electronic Storage: Provisions for electronic storage and transmission of confidential information - relevant when digital sharing is contemplated
4. Non-Solicitation: Restrictions on soliciting employees or customers - relevant for competitive business relationships
5. Intellectual Property Rights: Clarification of IP ownership - relevant when shared information includes IP
6. Export Control: Compliance with Saudi export control regulations - relevant for technical or controlled information
1. Schedule 1 - Authorized Representatives: List of authorized representatives who may access confidential information
2. Schedule 2 - Security Protocols: Detailed security measures and protocols for handling confidential information
3. Schedule 3 - Permitted Purpose: Detailed description of the permitted purpose for which confidential information may be used
4. Appendix A - Form of Acknowledgment: Template acknowledgment form for representatives accessing confidential information
5. Appendix B - Information Return Certificate: Template certificate confirming return/destruction of confidential information
Relevant legal definitions
Clauses
Relevant Industries
Oil & Gas
Technology
Financial Services
Healthcare
Construction & Infrastructure
Manufacturing
Telecommunications
Professional Services
Real Estate Development
Renewable Energy
Mining
Defense & Security
Education
Logistics & Transportation
Retail & Consumer Goods
Relevant Teams
Legal
Compliance
Business Development
Executive Leadership
Operations
Finance
Corporate Affairs
Risk Management
Information Technology
Research & Development
Procurement
Strategy
Commercial Operations
Relevant Roles
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Business Development Manager
Chief Financial Officer
Contract Manager
Compliance Officer
Project Manager
Operations Director
Chief Technology Officer
Commercial Director
Strategic Partnerships Manager
Investment Manager
Research & Development Director
Procurement Manager
Corporate Secretary
Risk Manager
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