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Non Disclosure Agreement Parties

Non Disclosure Agreement Parties Template for Saudi Arabia

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Key Requirements PROMPT example:

Non Disclosure Agreement Parties

"I need a Non Disclosure Agreement Parties document for a Saudi tech startup sharing sensitive software development information with a potential investor, to be effective from March 2025, with specific provisions for protecting source code and technical documentation."

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Document background
This Non-Disclosure Agreement Parties template is essential for businesses and individuals operating in Saudi Arabia who need to protect confidential information during business discussions, negotiations, or ongoing commercial relationships. The document is crafted to comply with Saudi Arabian law, including relevant Royal Decrees, commercial regulations, and Sharia principles. It provides comprehensive protection for various types of confidential information, including trade secrets, business plans, technical data, and personal information. The agreement is particularly relevant in the context of business negotiations, joint ventures, service agreements, and other commercial arrangements where sensitive information needs to be shared. It includes specific provisions for data protection, electronic communications, and dispute resolution under Saudi jurisdiction.
Suggested Sections

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

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

3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Authorized Representatives', and 'Permitted Purpose'

4. Scope of Confidentiality: Detailed description of what constitutes confidential information and exclusions

5. Obligations of Receiving Party: Core confidentiality obligations, including storage, handling, and protection of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed and to whom

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

8. Return or Destruction: Requirements for returning or destroying confidential information upon termination or request

9. Term and Termination: Duration of the agreement and termination provisions

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

Optional Sections

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

2. Data Protection Compliance: Additional provisions for compliance with Saudi Personal Data Protection Law - required when personal data is involved

3. Non-Solicitation: Prevents solicitation of employees or customers - useful in business relationship contexts

4. Intellectual Property Rights: Additional provisions protecting IP rights - important when shared information includes IP

5. Electronic Storage and Transmission: Specific provisions for digital information handling - necessary when information is shared electronically

6. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term NDAs

7. Language: Specification of prevailing language - necessary when agreement is bilingual Arabic/English

Suggested Schedules

1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered by the agreement

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

3. Schedule 3 - Security Protocols: Specific security measures and protocols to be followed

4. Appendix A - Permitted Purpose: Detailed description of the specific business purpose for which confidential information may be used

5. Appendix B - Return/Destruction Certificate: Template certificate confirming return or destruction of 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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Confidential Information
Disclosing Party
Receiving Party
Authorized Representatives
Permitted Purpose
Affiliate
Business Day
Confidentiality Period
Disclosing Group
Effective Date
Group Company
Intellectual Property Rights
Notice
Personal Data
Protected Information
Representatives
Security Measures
Subsidiary
Term
Third Party
Trade Secrets
Working Hours
Shariah Compliant Activities
Competent Authority
Governmental Body
Commercial Registration
Electronic Format
Proprietary Information
Sensitive Information
Confidentiality Obligations
Related Party
Disclosed Materials
Documentation
Professional Advisers
Regulatory Authority
Force Majeure Event
Relevant Industries

Financial Services

Technology

Healthcare

Manufacturing

Real Estate

Energy

Telecommunications

Professional Services

Education

Retail

Construction

Mining

Agriculture

Transportation

Defense

Entertainment

Islamic Banking

Petrochemicals

Relevant Teams

Legal

Compliance

Business Development

Executive Leadership

Human Resources

Information Technology

Research & Development

Operations

Finance

Risk Management

Procurement

Strategy

Information Security

Corporate Communications

Project Management

Innovation

Relevant Roles

Chief Executive Officer

Legal Counsel

Business Development Manager

Chief Financial Officer

Project Manager

Research & Development Director

Human Resources Director

Chief Technology Officer

Operations Manager

Compliance Officer

Investment Manager

Strategy Director

Procurement Manager

Commercial Director

Information Security Officer

Risk Manager

Partnership Manager

Innovation Director

Industries
Saudi Commercial Court Law (Royal Decree No. M/93): Governs commercial transactions and provides framework for business contracts, including confidentiality obligations in commercial relationships
Saudi Civil Code: Provides general principles of contract law, including formation, validity, and enforcement of contractual obligations
Saudi Personal Data Protection Law (PDPL): Regulates the collection, disclosure, and processing of personal data, which may be relevant if the NDA covers personal information
Electronic Transactions Law (Royal Decree No. M/18): Governs electronic transactions and digital signatures, relevant if the NDA will be executed electronically
Anti-Commercial Fraud Law (Royal Decree No. M/19): Provides protection against unauthorized disclosure of trade secrets and confidential business information
Saudi Copyright Law (Royal Decree No. M/41): Protects intellectual property rights, which may be relevant if the NDA covers copyrighted materials
Evidence Law (Royal Decree No. M/28): Establishes rules for evidential matters in legal proceedings, important for enforcement of NDA violations
Commercial Courts Law Implementation Regulations: Provides detailed procedures for commercial disputes, including those arising from breaches of confidentiality agreements
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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