Multilateral Non Disclosure Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Multilateral Non Disclosure Agreement

"I need a Multilateral Non Disclosure Agreement under Saudi law for a joint venture project between our technology company, two local manufacturing partners, and a foreign investor, with special attention to data protection requirements for cross-border information sharing."

Document background

This Multilateral Non Disclosure Agreement template is essential for situations where multiple parties need to share sensitive business information while ensuring legal protection under Saudi Arabian law. The document is particularly relevant for complex business transactions, joint ventures, strategic partnerships, or collaborative projects where multiple entities need to exchange confidential information. It incorporates specific requirements of Saudi commercial law, including Sharia compliance provisions, data protection regulations, and electronic transaction requirements. The agreement is structured to protect various types of confidential information including trade secrets, technical data, financial information, and business strategies, while ensuring enforceability in Saudi courts. This template provides a comprehensive framework for managing confidential information sharing among multiple parties while maintaining compliance with local legal and religious requirements.

Suggested Sections

1. Parties: Identification of all parties to the agreement, including their full legal names, addresses, and registration details

2. Background: Context of the agreement, relationship between the parties, and purpose of sharing confidential information

3. Definitions: Detailed definitions including 'Confidential Information', 'Authorized Recipients', 'Permitted Purpose', and other key 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 shared with authorized recipients

7. Security Measures: Required security measures for protecting confidential information

8. Return or Destruction of Confidential Information: Procedures for returning or destroying confidential information upon request or termination

9. Duration and Termination: Term of the agreement and survival of obligations post-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

12. General Provisions: Standard clauses including severability, amendments, and entire agreement

Optional Sections

1. Shariah Compliance: Specific clause confirming compliance with Islamic law principles - recommended for agreements involving Islamic financial institutions

2. Data Protection Compliance: Specific provisions addressing compliance with Saudi data protection laws - required when personal data is involved

3. Electronic Storage and Transmission: Provisions governing electronic storage and transmission of confidential information - recommended for digital-heavy operations

4. Competitive Restrictions: Non-compete and non-solicitation provisions - optional depending on business context

5. Mutual vs. Unilateral Obligations: Specific provisions clarifying whether obligations are mutual or unilateral - useful in complex multi-party scenarios

6. Third Party Rights: Provisions regarding rights of third parties - relevant when third party beneficiaries are involved

7. Force Majeure: Provisions for unforeseen circumstances affecting compliance - recommended for long-term NDAs

Suggested Schedules

1. Schedule 1 - Authorized Recipients: List of individuals or entities authorized to receive confidential information

2. Schedule 2 - Security Protocols: Detailed security measures and protocols for handling confidential information

3. Schedule 3 - Disclosure Log: Template for recording all instances of information disclosure

4. Schedule 4 - Return/Destruction Certificate: Template certificate confirming return or destruction of confidential information

5. Appendix A - Specific Types of Confidential Information: Detailed categorization of different types of confidential information covered

6. Appendix B - Permitted Purpose Details: Detailed description of the permitted purposes for using confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology

Financial Services

Healthcare

Manufacturing

Energy

Construction

Education

Professional Services

Real Estate

Telecommunications

Defense

Aerospace

Biotechnology

Industrial

Consumer Goods

Mining

Oil & Gas

Automotive

Pharmaceuticals

Relevant Teams

Legal

Compliance

Business Development

Executive Leadership

Research and Development

Information Technology

Finance

Operations

Risk Management

Corporate Affairs

Information Security

Privacy

Strategy

Procurement

Project Management

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Legal Director

Compliance Officer

Business Development Manager

Project Manager

Research Director

Chief Technology Officer

Chief Financial Officer

Investment Manager

Corporate Secretary

Risk Manager

Operations Director

Partnership Manager

Innovation Director

Contract Manager

Information Security Officer

Chief Privacy Officer

Strategic Planning Director

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Let's create your Multilateral Non Disclosure Agreement

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