Mutual NDA Template for Saudi Arabia

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Key Requirements PROMPT example:

Mutual NDA

"I need a Mutual NDA under Saudi law for my technology company to protect confidential information during upcoming negotiations with a potential distributor in January 2025, with particular emphasis on protecting our software source code and technical specifications."

Document background

This Mutual NDA template is specifically designed for use under Saudi Arabian law when two parties need to exchange confidential information while ensuring mutual protection of their sensitive data. The document is particularly relevant for business negotiations, joint ventures, potential partnerships, or any situation where confidential information needs to be shared between parties in Saudi Arabia or with Saudi entities. It includes comprehensive provisions addressing both traditional and electronic forms of confidential information, compliance with Saudi cyber laws, and Sharia principles. The Mutual NDA template incorporates specific requirements of Saudi commercial law and provides appropriate remedies available under the Saudi legal system, making it suitable for both domestic and international business relationships involving Saudi parties.

Suggested Sections

1. Parties: Identification of the parties entering into the NDA, including full legal names, addresses, and commercial registration details as required under Saudi law

2. Background: Context of the agreement, purpose of sharing confidential information, and general intent of the parties

3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant definitions

4. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information

5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and as required by law

6. Protection Measures: Specific security measures required to protect confidential information

7. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

8. Term and Survival: Duration of the agreement and which provisions survive termination

9. Breach and Remedies: Consequences of breach and available remedies under Saudi law

10. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments

Optional Sections

1. Electronic Communications: Provisions regarding the exchange of confidential information through electronic means, recommended when parties will primarily share information digitally

2. Data Protection: Specific provisions relating to personal data protection, necessary when confidential information includes personal data

3. Non-Solicitation: Restrictions on soliciting employees or customers, useful when parties have concerns about potential poaching

4. Export Control: Provisions regarding compliance with export control laws, necessary when dealing with regulated technologies or international transfers

5. Shariah Compliance: Explicit confirmation of Shariah compliance, recommended for agreements involving Islamic financial institutions or when specifically required by parties

Suggested Schedules

1. Schedule 1 - Specified Purpose: Detailed description of the permitted purpose for which confidential information may be used

2. Schedule 2 - Security Measures: Specific security protocols and measures required for protecting confidential information

3. Schedule 3 - Authorized Representatives: List of authorized representatives who may access confidential information

4. Appendix A - Form of Acknowledgment: Template acknowledgment form for representatives who will have access to 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 & Oil

Telecommunications

Professional Services

Real Estate

Construction

Education

Retail

Mining

Agriculture

Transportation & Logistics

Defense & Security

Relevant Teams

Legal

Compliance

Business Development

Executive Leadership

Research & Development

Information Technology

Human Resources

Finance

Operations

Procurement

Investment

Strategy

Corporate Affairs

Risk Management

Project Management

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Business Development Manager

Project Manager

Chief Technology Officer

Research Director

Investment Manager

Procurement Manager

HR Director

Chief Financial Officer

Operations Manager

Compliance Officer

Strategy Director

Technical Director

Find the exact document you need

Secret Agreement

A legally binding confidentiality agreement under Saudi Arabian law, designed to protect sensitive information shared between parties while ensuring compliance with local legal requirements.

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Authors

Alex Denne

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