The Non-Disclosure Agreement Price is a specialized confidentiality agreement essential for businesses operating in Saudi Arabia who need to share sensitive pricing information during commercial negotiations, joint ventures, or business partnerships. This document is particularly crucial when companies need to disclose their pricing strategies, cost structures, or financial models to potential partners or service providers. The agreement ensures compliance with Saudi Arabian commercial law and Sharia principles while providing robust protection for confidential pricing information. It is commonly used during tender processes, merger and acquisition discussions, distribution agreements, or when engaging with consultants who need access to pricing data. The document includes specific provisions for handling digital pricing information, requirements for data protection under Saudi law, and clear guidelines for the permitted use of confidential pricing information.
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1. Parties: Identification of the disclosing and receiving parties, including full legal names, addresses, and commercial registration details as required under Saudi law
2. Background: Context of the agreement, purpose of sharing confidential information, and nature of the business relationship
3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', and other relevant terms
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
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 employees, advisors, or as required by law
7. Security Measures: Required security measures for protecting confidential information
8. Term and Survival: Duration of the agreement and survival of obligations after termination
9. Return or Destruction of Confidential Information: Obligations regarding the return or destruction of confidential information upon request or termination
10. Breach and Remedies: Consequences of breach and available remedies under Saudi law
11. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes
1. Electronic Information Security: Additional provisions for digital information security, recommended when confidential information is shared or stored electronically
2. Third Party Rights: Provisions regarding rights of third parties, needed when confidential information belongs to or relates to third parties
3. Non-Solicitation: Restrictions on soliciting employees or customers, recommended for business relationships where this is a concern
4. Data Protection Compliance: Specific provisions for compliance with Saudi data protection laws, required when personal data is involved
5. Shariah Compliance: Explicit provisions ensuring compliance with Shariah principles, recommended for agreements with Islamic financial institutions
6. Assignment: Provisions regarding the ability to assign rights under the agreement, recommended for complex commercial relationships
7. Force Majeure: Provisions for unforeseen circumstances preventing performance, optional but recommended for longer-term NDAs
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered by the agreement
2. Schedule 2 - Authorized Representatives: List of authorized representatives who may receive or handle confidential information
3. Schedule 3 - Security Protocols: Detailed security measures and protocols for handling confidential information
4. Schedule 4 - Permitted Purpose Details: Detailed description of the permitted purpose for which confidential information may be used
5. Appendix A - Standard Form Confidentiality Undertaking: Template confidentiality undertaking for employees or representatives who will access the confidential information
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Technology
Financial Services
Professional Services
Healthcare
Retail
Construction
Energy
Telecommunications
Automotive
Real Estate
Logistics
Defense
Consumer Goods
Education
Relevant Teams
Legal
Finance
Commercial
Sales
Procurement
Business Development
Operations
Risk Management
Compliance
Strategy
Marketing
Customer Relations
Project Management
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Commercial Director
Pricing Manager
Business Development Manager
Sales Director
Procurement Manager
Financial Controller
Legal Counsel
Contract Manager
Strategic Planning Director
Operations Manager
Account Manager
Project Manager
Risk Management Officer
Compliance Officer
Marketing Director
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