Memorandum Of Agreement For Business Partnership Template for Saudi Arabia

1. Non-Competition: Restricts partners from engaging in competing businesses - include when partners have other business interests

2. Intellectual Property Rights: Addresses IP ownership and usage - include when the partnership involves significant IP assets

3. Confidentiality: Protects sensitive business information - include when dealing with proprietary information or trade secrets

4. Exit Strategy: Details procedures for partner exit or buy-out - include when partners want specific exit mechanisms

5. Foreign Investment Provisions: Addresses foreign ownership requirements - include when foreign partners are involved

6. Zakat and Tax Provisions: Specifies tax handling - include when partners have different tax status or requirements

7. Force Majeure: Addresses unforeseen circumstances - include when operating in volatile markets or conditions

1. Schedule 1: Business Plan: Detailed business plan including market analysis, strategy, and financial projections

2. Schedule 2: Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuation of non-cash assets

3. Schedule 3: Partner Information: Detailed partner information including copies of commercial registrations and authorizations

4. Schedule 4: Management Structure: Organizational chart and detailed management responsibilities

5. Schedule 5: Financial Procedures: Detailed accounting procedures, banking arrangements, and financial reporting requirements

6. Schedule 6: Key Performance Indicators: Metrics for measuring partnership performance and success

7. Appendix A: Required Licenses: Copies of all required Saudi government licenses and permits

8. Appendix B: Property Details: Details of any property owned or leased by the partnership