The Preferred Partner Agreement is a strategic legal instrument used in Saudi Arabia to formalize privileged business relationships between companies. This document is particularly relevant when organizations wish to establish a preferred supplier or service provider arrangement that falls short of exclusivity but offers significant advantages over standard vendor relationships. The agreement typically includes detailed commercial terms, performance metrics, and compliance requirements while ensuring adherence to Saudi Arabian laws and Shariah principles. It's commonly used when companies want to maintain flexibility while securing preferential treatment in areas such as pricing, capacity allocation, or service levels. The document must comply with various Saudi regulations including the Commercial Courts Law, Competition Law, and where applicable, foreign investment regulations.
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1. Parties: Identification of all contracting parties, including full legal names, commercial registration numbers, and authorized representatives
2. Background: Context of the agreement, relationship between parties, and general business objectives
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment as preferred partner and scope of the partnership arrangement
5. Term and Renewal: Duration of the agreement and conditions for renewal
6. Partner Obligations: Key responsibilities and commitments of the preferred partner
7. Company Obligations: Key responsibilities and commitments of the appointing company
8. Commercial Terms: Pricing, payment terms, and commercial conditions of the partnership
9. Performance Metrics: Key performance indicators and evaluation criteria
10. Intellectual Property Rights: Protection and usage rights of intellectual property
11. Confidentiality: Obligations regarding confidential information and trade secrets
12. Compliance: Compliance with laws, regulations, and Shariah principles
13. Termination: Grounds and process for termination of the agreement
14. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law
15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Exclusivity: Terms of exclusive arrangement, if applicable - include when the partnership is exclusive within defined territories or product lines
2. Training and Support: Details of training and support provided - include when technical or operational support is part of the arrangement
3. Marketing and Promotion: Marketing obligations and brand usage guidelines - include when joint marketing activities are planned
4. Insurance: Insurance requirements and coverage - include when specific insurance coverage is required
5. Data Protection: Data handling and protection requirements - include when personal or sensitive data will be processed
6. Force Majeure: Provisions for unforeseen circumstances - include when specific force majeure protection is needed
7. Anti-corruption: Specific anti-corruption provisions - include when dealing with government entities or high-risk sectors
8. Local Content Requirements: Saudi Arabian local content requirements - include when relevant to the industry sector
1. Schedule 1 - Products/Services: Detailed list of products or services covered under the partnership
2. Schedule 2 - Pricing and Commercial Terms: Detailed pricing structure, discounts, and commercial conditions
3. Schedule 3 - Performance Criteria: Detailed KPIs, targets, and measurement methodologies
4. Schedule 4 - Territory: Defined geographical areas or market segments covered by the partnership
5. Schedule 5 - Technical Requirements: Technical specifications and standards to be maintained
6. Schedule 6 - Service Levels: Detailed service level requirements and measurements
7. Appendix A - Contact Details: Key contact information for both parties
8. Appendix B - Required Certifications: List of required certifications and compliance documents
Relevant legal definitions
Clauses
Relevant Industries
Information Technology
Manufacturing
Construction
Healthcare
Professional Services
Oil & Gas
Telecommunications
Retail & Distribution
Financial Services
Defense & Security
Education & Training
Transportation & Logistics
Relevant Teams
Legal
Procurement
Commercial
Business Development
Operations
Supply Chain
Compliance
Sales
Finance
Strategy
Account Management
Relevant Roles
Chief Executive Officer
Commercial Director
Procurement Manager
Legal Counsel
Business Development Manager
Operations Director
Supply Chain Manager
Contract Manager
Partnership Manager
Compliance Officer
Sales Director
Strategic Sourcing Manager
Chief Commercial Officer
Regional Director
Account Executive
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