NDA For Acquisition Template for Saudi Arabia

1. Non-Solicitation: Restrictions on soliciting employees or customers, included when talent retention is a key concern

2. Exclusivity Period: Period during which the disclosing party won't engage with other potential buyers, included when exclusive negotiations are desired

3. Securities Laws Compliance: Additional provisions for compliance with insider trading laws, required when either party is publicly listed

4. Shariah Compliance: Specific provisions ensuring compliance with Islamic law principles, included when required by either party

5. Data Protection Compliance: Specific provisions for handling personal data under Saudi PDPL, included when personal data will be shared

6. Break Fee: Penalties for breaking exclusivity or confidentiality, included in high-value transactions

7. Force Majeure: Provisions for unforeseen circumstances affecting the agreement, optional but recommended

1. Schedule 1: Detailed Scope of Confidential Information: Comprehensive list of types of confidential information covered

2. Schedule 2: Authorized Representatives: List of individuals authorized to receive and handle confidential information

3. Schedule 3: Security Protocols: Specific procedures for handling and protecting confidential information

4. Schedule 4: Disclosure Letter: Pre-existing disclosures or exceptions to confidentiality obligations

5. Appendix A: Data Room Rules: Procedures and rules for accessing and using the virtual data room

6. Appendix B: Clean Team Protocol: Guidelines for handling particularly sensitive competitive information