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Confidentiality Agreement For Sale Of Business
"I need a Confidentiality Agreement For Sale Of Business under Saudi law for my manufacturing company's potential sale to a local competitor, with special emphasis on protecting our customer lists and manufacturing processes, to be signed by March 2025."
1. Parties: Identification of all parties to the agreement, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, including the proposed business sale and need for confidentiality
3. Definitions: Detailed 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. Permitted Disclosures: Circumstances under which confidential information can be shared and with whom
6. Security Measures: Required procedures and safeguards for protecting confidential information
7. Return or Destruction of Information: Obligations regarding the handling of confidential information after discussions end
8. Duration of Obligations: Time period for which confidentiality obligations remain in effect
9. Non-Circumvention: Prohibition on using information to circumvent the potential transaction
10. Non-Solicitation: Restrictions on approaching employees, customers, or suppliers
11. Remedies: Available remedies in case of breach, including injunctive relief
12. Governing Law and Jurisdiction: Specification of Saudi law as governing law and relevant courts
13. General Provisions: Standard clauses including notices, amendments, and severability
1. Data Protection Compliance: Required when confidential information includes personal data subject to PDPL
2. Digital Information Handling: Required when significant confidential information is in digital form
3. Shariah Compliance Declaration: Explicit statement of Shariah compliance, useful for certain institutional parties
4. Competitive Intelligence Restrictions: Additional restrictions when parties are competitors
5. Third Party Rights: Required when third parties may have rights under the agreement
6. Translation Provisions: Required when agreement is bilingual Arabic/English
7. Costs and Expenses: Allocation of costs related to confidentiality measures
8. Insurance Requirements: Required when specific insurance coverage for data protection is needed
1. Schedule 1 - Specified Confidential Information: Detailed list of specific documents, data, and information deemed confidential
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3 - Security Protocols: Detailed security measures and procedures for handling confidential information
4. Schedule 4 - Excluded Information: Information specifically excluded from confidentiality obligations
5. Appendix A - Form of Confidentiality Undertaking: Template for additional parties or representatives to sign confidentiality undertakings
6. Appendix B - Data Handling Procedures: Specific procedures for handling, storing, and transmitting confidential data
Authors
Business
Permitted Purpose
Representatives
Affiliate
Group
Evaluation Material
Trade Secrets
Proprietary Information
Due Diligence
Permitted Disclosees
Transaction
Discussions
Personal Data
Confidentiality Period
Security Requirements
Authorized Personnel
Digital Information
Business Day
Disclosure Period
Material Breach
Intellectual Property Rights
Controlled Persons
Related Party
Competitive Business
Data Room
Excluded Information
Force Majeure
Professional Advisers
Regulatory Authority
Sensitive Information
Working Hours
Compliance Requirements
Electronic Systems
Information Security Standards
Non-Circumvention Obligations
Return Date
Sharia Compliant
Territory
Unauthorized Access
Permitted Use
Permitted Disclosure
Information Security
Return or Destruction of Information
Non-Circumvention
Non-Solicitation
Duration
Remedies
Governing Law
Jurisdiction
Data Protection
Third Party Rights
Electronic Communications
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Amendments
Costs
Counterparts
Compliance with Laws
Sharia Compliance
Representations and Warranties
Indemnification
Survival
Termination
Dispute Resolution
Language
No Partnership
Waiver
Time of Essence
Manufacturing
Technology
Financial Services
Healthcare
Real Estate
Retail
Energy
Transportation
Professional Services
Hospitality
Construction
Telecommunications
Education
Mining
Agriculture
Legal
Finance
Corporate Development
Mergers & Acquisitions
Compliance
Information Security
Risk Management
Executive Leadership
Business Development
Corporate Secretariat
Data Protection
Strategic Planning
Chief Executive Officer
Chief Financial Officer
General Counsel
Head of Mergers & Acquisitions
Business Development Director
Corporate Development Manager
Investment Director
Legal Director
Compliance Officer
Data Protection Officer
Information Security Manager
Due Diligence Manager
Strategy Director
Risk Manager
Company Secretary
Finance Director
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