The Partnership Non Disclosure Agreement is essential for business partnerships operating in Saudi Arabia where partners need to share sensitive business information while ensuring legal protection. This document is particularly crucial during partnership formations, joint ventures, or collaborative business projects where confidential information exchange is necessary. It complies with Saudi Arabian legal requirements, including the Saudi Companies Law, Commercial Court Law, and Shariah principles, making it enforceable in Saudi courts. The agreement typically covers detailed definitions of confidential information, specific usage permissions, security requirements, and breach remedies, all tailored to the Saudi business environment. It's commonly used during partnership negotiations, business expansion discussions, or when establishing new business relationships that require information sharing between partners.
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1. Parties: Identification of the partner parties, including full legal names, addresses, and commercial registration details as required under Saudi law
2. Background: Context of the partnership relationship and purpose of the NDA
3. Definitions: Key terms including 'Confidential Information', 'Partnership', 'Permitted Purpose', 'Representatives', and other relevant definitions
4. Scope of Confidentiality: Detailed description of what constitutes confidential information in the partnership context
5. Obligations of Confidentiality: Core confidentiality obligations, including handling, protection, and non-disclosure requirements
6. Permitted Disclosures: Circumstances under which confidential information may be shared, including with employees, advisors, and as required by law
7. Security Measures: Required security measures for protecting confidential information
8. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request
9. Duration of Obligations: Term of the agreement and survival of confidentiality obligations
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 of Saudi courts
12. Entire Agreement and Amendments: Integration clause and amendment procedures
13. Notices: Formal communication procedures between parties
14. Execution: Signature requirements and execution provisions compliant with Saudi law
1. Shariah Compliance: Explicit statement of Shariah compliance, recommended when dealing with Islamic financial institutions or Shariah-sensitive matters
2. Intellectual Property Rights: Additional provisions regarding IP rights when the partnership involves significant IP assets
3. Data Protection: Specific data protection provisions when handling personal or sensitive data
4. Non-Competition: Additional non-compete provisions when partners may have competing interests
5. Force Majeure: Provisions for unforeseen circumstances, recommended for long-term NDAs
6. Language: Specification of prevailing language when agreement is bilingual Arabic/English
7. Assignment: Transfer of rights provisions, important for partnerships with potential ownership changes
8. Severability: Provisions for partial invalidity, recommended for complex agreements
1. Schedule 1 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
2. Schedule 2 - Categories of Confidential Information: Detailed categorization of types of confidential information covered
3. Schedule 3 - Security Protocols: Specific security measures and protocols for handling confidential information
4. Schedule 4 - Permitted Purpose Details: Detailed description of the permitted uses of confidential information
5. Appendix A - Form of Acknowledgment: Template for acknowledgment by representatives who will access confidential information
6. Appendix B - Destruction Certificate: Template certificate for confirming destruction of confidential information
Relevant legal definitions
Clauses
Relevant Industries
Professional Services
Technology and IT
Manufacturing
Real Estate and Construction
Financial Services
Healthcare
Retail and Distribution
Energy and Utilities
Consulting Services
Trading and Commerce
Education and Training
Telecommunications
Agriculture and Food Production
Transportation and Logistics
Islamic Finance
Relevant Teams
Legal
Compliance
Corporate Governance
Business Development
Operations
Finance
Risk Management
Strategy
Executive Leadership
Commercial Operations
Investment
Corporate Affairs
Information Security
Administrative
Relevant Roles
Managing Partner
Business Development Manager
Legal Counsel
Chief Executive Officer
Chief Financial Officer
Partnership Manager
Compliance Officer
Operations Director
Investment Manager
Project Manager
Commercial Director
Strategy Manager
Risk Manager
Corporate Secretary
Business Owner
General Manager
Senior Partner
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