Non Disclosure Agreement For Sale Of Business Template for Saudi Arabia

1. Non-Solicitation: Restrictions on soliciting employees or customers, optional but common in business sale contexts

2. Exclusivity Period: Optional provision preventing seller from negotiating with other potential buyers for a specified period

3. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles if relevant to the transaction

4. Data Protection Compliance: Additional provisions specifically addressing Saudi data protection requirements, necessary if sensitive personal data is involved

5. Anti-Money Laundering Provisions: Additional compliance provisions if required by the nature of the business or transaction

6. Force Majeure: Provisions addressing extraordinary events affecting confidentiality obligations

7. Language Preference: Specification of controlling language if agreement is in both Arabic and English

1. Schedule 1: Authorized Representatives: List of individuals authorized to receive and handle confidential information

2. Schedule 2: Specific Categories of Confidential Information: Detailed listing of specific types of confidential information covered

3. Schedule 3: Security Protocols: Specific security measures required for handling different types of confidential information

4. Appendix A: Acknowledgment Form: Form for authorized representatives to acknowledge confidentiality obligations

5. Appendix B: Data Room Rules: Rules and procedures for accessing and using any physical or virtual data room

6. Appendix C: Return/Destruction Certificate: Template certificate confirming return or destruction of confidential information