Non Binding Partnership Agreement for Saudi Arabia

Non Binding Partnership Agreement Template for Saudi Arabia

This document serves as a preliminary framework for parties exploring potential partnership opportunities in Saudi Arabia, outlining proposed terms and conditions without creating binding obligations. It adheres to Saudi Arabian law and Shariah principles while providing a structured approach to documenting intended collaboration terms, roles, responsibilities, and objectives. The agreement includes provisions for governance structure, resource allocation, and operational frameworks while maintaining flexibility for parties to modify or withdraw from discussions without legal consequences. It particularly considers Saudi Arabian commercial regulations and cultural business practices, making it suitable for both domestic and international partnerships.

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What is a Non Binding Partnership Agreement?

The Non-Binding Partnership Agreement is a preliminary document used in Saudi Arabia during the exploratory phase of business relationships, where parties wish to document their intentions and proposed arrangements without creating legally binding obligations. It serves as a roadmap for potential collaboration while allowing flexibility for negotiations and due diligence. This document type is particularly valuable in the Saudi Arabian business context, where relationship-building and careful consideration of partnership terms are cultural priorities. It typically includes proposed structural elements such as governance frameworks, resource allocation, and operational procedures, while explicitly maintaining its non-binding nature. The agreement is commonly used when parties need to outline their shared vision and objectives before committing to a formal partnership, or when seeking internal approvals and stakeholder buy-in. It must be drafted in consideration of Saudi Arabian commercial laws and Shariah principles, making it suitable for both domestic and international business relationships.

What sections should be included in a Non Binding Partnership Agreement?

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

2. Background: Context of the proposed partnership and the parties' intentions, explicitly stating the non-binding nature

3. Definitions: Key terms used throughout the agreement

4. Non-Binding Nature: Clear statement that the agreement is non-binding and creates no legal obligations

5. Purpose and Scope: Intended purpose of the partnership and its scope of activities

6. Roles and Responsibilities: Proposed roles and contributions of each party

7. Duration and Timeline: Proposed timeline for the partnership and any key milestones

8. Financial Arrangements: Proposed financial structure, without creating binding obligations

9. Intellectual Property: Proposed handling of intellectual property rights and confidential information

10. Governance Structure: Proposed management and decision-making structure

11. Shariah Compliance: Statement on intended compliance with Islamic principles

12. Communication: Proposed communication protocols between parties

13. Termination: Circumstances under which parties may cease discussions

14. Governing Law: Reference to Saudi Arabian law as the framework for the proposed partnership

What sections are optional to include in a Non Binding Partnership Agreement?

1. Resource Allocation: Details of proposed resource sharing and allocation, used when partnership involves sharing of specific resources

2. Market Territory: Proposed geographical or market scope, used when partnership has territorial considerations

3. Quality Standards: Proposed quality standards and compliance requirements, used for partnerships involving product or service delivery

4. Technology Integration: Proposed technical integration plans, used when partnership involves technological collaboration

5. Environmental Considerations: Proposed environmental commitments, used when partnership has environmental impact

6. Training and Support: Proposed training and support arrangements, used when partnership involves knowledge transfer

7. Insurance: Proposed insurance arrangements, used when partnership involves significant operational risks

8. Dispute Resolution Process: Proposed dispute resolution mechanism, used when parties want to outline a preferred approach to resolving disagreements

What schedules should be included in a Non Binding Partnership Agreement?

1. Business Plan: Detailed proposed business plan and strategy

2. Financial Projections: Projected financial models and assumptions

3. Operating Procedures: Proposed day-to-day operational procedures

4. Key Personnel: List of key personnel and their proposed roles

5. Assets and Resources: Inventory of proposed assets and resources to be contributed

6. Timeline and Milestones: Detailed proposed timeline and key milestones

7. Technical Specifications: Technical requirements and specifications

8. Compliance Requirements: List of relevant regulatory and Shariah compliance requirements

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

Cost

Free to use

Relevant legal definitions

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Technology

Manufacturing

Real Estate

Healthcare

Education

Financial Services

Energy

Construction

Retail

Agriculture

Transportation

Tourism

Professional Services

Mining

Telecommunications

Relevant Teams

Legal

Business Development

Corporate Strategy

Operations

Commercial

Finance

Compliance

Risk Management

International Relations

Corporate Affairs

Investment

Project Management

Executive Leadership

Mergers & Acquisitions

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Legal Counsel

Corporate Lawyer

Partnership Manager

Strategy Director

Chief Operating Officer

Commercial Director

Investment Manager

Operations Manager

Project Manager

Compliance Officer

Risk Manager

Chief Financial Officer

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What is a Non Binding Partnership Agreement?

What sections should be included in a Non Binding Partnership Agreement?

What sections are optional to include in a Non Binding Partnership Agreement?

What schedules should be included in a Non Binding Partnership Agreement?

Authors

Alex Denne

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