This Mutual Non-Disclosure Agreement template is specifically crafted for use under Saudi Arabian jurisdiction, addressing the need for confidentiality protection in various business contexts. It is particularly relevant when parties are engaging in preliminary business discussions, joint ventures, or any situation requiring the exchange of sensitive information. The document ensures compliance with Saudi commercial laws, including the Commercial Courts Law and Electronic Transactions Law, while adhering to Shariah principles. It provides comprehensive protection for various types of confidential information, including trade secrets, technical data, financial information, and business strategies. The agreement is structured to be enforceable in Saudi courts and includes specific provisions for both traditional and electronic information exchange, making it suitable for modern business transactions while maintaining alignment with local legal requirements.
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1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and commercial registration numbers as required under Saudi law
2. Background: Context of the agreement and the purpose for sharing confidential information
3. Definitions: Clear definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', and 'Representatives'
4. Scope of Confidentiality: Detailed description of what constitutes confidential information and how it may be used
5. Obligations of Confidentiality: Core confidentiality obligations, including handling, protection, and non-disclosure requirements
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and by legal requirement
7. Security Measures: Required security measures for protecting confidential information, including digital security requirements
8. Return or Destruction of Confidential Information: Obligations regarding the return or destruction of confidential information upon request or termination
9. Duration and Termination: Term of the agreement and survival of obligations post-termination
10. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes
11. General Provisions: Standard provisions including severability, amendments, and notices
1. Employee and Representative Obligations: Additional provisions specifically governing employees and representatives' handling of confidential information
2. Intellectual Property Rights: Specific provisions protecting intellectual property when confidential information includes IP
3. Data Protection Compliance: Specific provisions for compliance with data protection regulations when personal data is involved
4. Export Control: Provisions regarding export control regulations when dealing with technical data or international transfers
5. Non-Competition: Additional non-competition provisions where relevant to the business relationship
6. Electronic Information Handling: Specific provisions for handling electronic data and communications
7. Force Majeure: Provisions for unforeseen circumstances affecting confidentiality obligations
1. Schedule 1 - Description of Confidential Information: Detailed description or categories of information considered confidential under the agreement
2. Schedule 2 - Authorized Representatives: List of authorized representatives from each party who may access confidential information
3. Schedule 3 - Security Protocols: Specific security measures and protocols required for handling confidential information
4. Schedule 4 - Permitted Purpose: Detailed description of the permitted purpose(s) for which confidential information may be used
Relevant legal definitions
Clauses
Relevant Industries
Technology
Healthcare
Financial Services
Manufacturing
Energy & Resources
Professional Services
Education
Real Estate
Construction
Telecommunications
Retail
Defense
Transportation & Logistics
Media & Entertainment
Relevant Teams
Legal
Executive Leadership
Business Development
Research & Development
Finance
Operations
Human Resources
Information Technology
Procurement
Compliance
Strategy
Commercial
Project Management
Technical Operations
Corporate Communications
Relevant Roles
Chief Executive Officer
Legal Counsel
Business Development Manager
Chief Technology Officer
Chief Financial Officer
Project Manager
Research Director
Operations Manager
Procurement Manager
Human Resources Director
Investment Manager
Strategy Director
Technical Director
Compliance Officer
Commercial Manager
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