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Online Business Partnership Agreement

Online Business Partnership Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Online Business Partnership Agreement

"I need an Online Business Partnership Agreement for a joint venture between a Saudi tech company and an international software developer to launch an e-learning platform in March 2025, with specific provisions for data localization and Sharia-compliant revenue sharing."

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Document background
The Online Business Partnership Agreement is essential for parties establishing joint online business ventures in Saudi Arabia. This document has become increasingly important with the kingdom's rapid digital transformation and the growth of e-commerce under Vision 2030. It addresses specific requirements of Saudi Arabian law, including the E-Commerce Law of 2019 and the Personal Data Protection Law, while ensuring Sharia compliance. The agreement covers crucial aspects such as digital asset ownership, online revenue sharing, data protection protocols, and electronic transaction management. It's particularly relevant for businesses engaging in e-commerce, digital services, or online platforms within Saudi Arabia, providing a structured framework for partnership governance while addressing unique challenges of digital operations.
Suggested Sections

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

2. Background: Context of the partnership formation and brief description of the online business venture

3. Definitions: Detailed definitions of terms used throughout the agreement, including technical and digital business terminology

4. Partnership Structure: Legal structure of the partnership, ownership percentages, and management responsibilities

5. Scope of Business: Detailed description of the online business activities, permitted operations, and territorial scope

6. Capital Contributions: Details of initial and ongoing capital contributions, including both monetary and non-monetary assets

7. Profit and Loss Sharing: Formula and mechanisms for sharing profits and losses, including online revenue distribution

8. Management and Control: Decision-making processes, voting rights, and day-to-day management responsibilities

9. Digital Operations: Management of online platforms, websites, and digital assets

10. Data Protection and Privacy: Compliance with Saudi Arabian data protection laws and handling of customer information

11. Intellectual Property Rights: Ownership and usage rights of IP, including domain names, software, and content

12. Financial Management: Banking arrangements, accounting practices, and financial reporting requirements

13. Term and Termination: Duration of partnership, renewal terms, and termination procedures

14. Dispute Resolution: Processes for resolving disputes, including jurisdiction and applicable law

15. Governing Law: Explicit statement of Saudi Arabian law governance and Sharia compliance

Optional Sections

1. Non-Competition: Restrictions on partners engaging in competing online businesses, used when partners have other business interests

2. Technical Support Obligations: Detailed technical support responsibilities, included when partners have specific technical roles

3. International Operations: Provisions for cross-border activities, needed if business operates internationally

4. Social Media Management: Guidelines for social media presence and management, relevant for businesses with significant social media presence

5. Third-Party Integration: Rules for integrating with third-party platforms and services, needed for businesses using external services

6. Employee Management: Provisions for hiring and managing employees, included if the partnership will have employees

7. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles, needed for certain financial arrangements

8. Exit Strategy: Detailed procedures for partner exit or business sale, included for longer-term partnerships

Suggested Schedules

1. Schedule 1: Business Plan: Detailed business plan including market analysis, strategy, and financial projections

2. Schedule 2: Technical Specifications: Technical details of the online platform, including hosting, maintenance, and security requirements

3. Schedule 3: Capital Contributions Schedule: Detailed breakdown of each partner's capital contributions, including valuations of non-monetary assets

4. Schedule 4: Revenue Sharing Mechanics: Detailed formulas and procedures for calculating and distributing online revenue

5. Schedule 5: Operational Procedures: Day-to-day operational procedures and responsibilities

6. Schedule 6: Data Protection Protocols: Detailed procedures for data handling, privacy protection, and security measures

7. Schedule 7: Platform Terms of Use: Terms and conditions for end-users of the online platform

8. Appendix A: Partner Contact Details: Complete contact information and escalation procedures for all partners

9. Appendix B: Required Licenses: List of required licenses and permits for operating the online business in Saudi Arabia

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
Agreement
Applicable Laws
Authorized Users
Business Day
Business Plan
Capital Contribution
Confidential Information
Content
Customer Data
Digital Assets
Digital Platform
Domain Names
E-commerce Platform
Effective Date
Electronic Records
Electronic Signature
Force Majeure
Governing Law
Initial Capital
Intellectual Property Rights
Internet Rights
Management Committee
Net Profits
Online Revenue
Operating Expenses
Partnership
Partnership Assets
Partnership Interest
Personal Data
Platform Users
Privacy Policy
Profit Share
Relevant Authority
SAMA
Saudi Data Protection Law
Service Level Agreement
Sharia Principles
Source Code
Technical Documentation
Technical Services
Term
Terms of Service
Third Party Service Provider
Transaction Data
User Agreement
User Content
Website
Working Capital
Clauses
Interpretation
Partnership Formation
Duration and Term
Capital Contributions
Profit and Loss Sharing
Management Rights
Digital Operations
Platform Management
Data Protection
Privacy Compliance
Intellectual Property
Confidentiality
Non-Competition
Technical Services
Electronic Transactions
Revenue Distribution
Financial Management
Banking Arrangements
Decision Making
Voting Rights
Partnership Meetings
Record Keeping
Digital Asset Management
User Data Handling
Security Requirements
Service Levels
Technical Support
Platform Maintenance
Content Management
Third Party Integration
Regulatory Compliance
Islamic Finance Compliance
Force Majeure
Liability
Indemnification
Insurance
Dispute Resolution
Governing Law
Amendment Procedures
Termination
Exit Rights
Assignment
Notices
Entire Agreement
Severability
Waiver
Relevant Industries

E-commerce

Digital Technology

Online Retail

Digital Media

Software Development

Financial Technology

Digital Marketing

Online Education

Cloud Services

Digital Entertainment

Online Professional Services

Mobile Applications

Digital Healthcare

Online Travel Services

Relevant Teams

Legal

Information Technology

Digital Operations

E-commerce

Business Development

Compliance

Finance

Risk Management

Digital Marketing

Strategic Planning

Commercial Operations

Partnership Management

Relevant Roles

Chief Executive Officer

Chief Technology Officer

E-commerce Manager

Digital Operations Director

Legal Counsel

Business Development Manager

IT Director

Commercial Director

Digital Marketing Manager

Compliance Officer

Partnership Manager

Online Business Manager

Digital Strategy Director

Chief Digital Officer

Operations Manager

Risk Management Officer

Industries
Companies Law (2015): Royal Decree No. M/3 - Provides the fundamental legal framework for company formation and partnerships in Saudi Arabia, including rights, obligations, and governance structures
E-Commerce Law (2019): Royal Decree No. M/126 - Regulates electronic commercial transactions, digital signatures, and online business operations in Saudi Arabia
Anti-Commercial Fraud Law: Royal Decree No. M/19 - Ensures fair commercial practices and protects against fraudulent activities in business transactions, including online operations
Value Added Tax Law: Royal Decree No. M/113 - Governs VAT obligations for business partnerships and online transactions in Saudi Arabia
Commercial Courts Law: Royal Decree No. M/93 - Establishes jurisdiction and procedures for resolving commercial disputes, including those arising from business partnerships
Cloud Computing Regulatory Framework: CITC regulation governing cloud computing services and data storage for businesses operating online in Saudi Arabia
Personal Data Protection Law (PDPL): Regulates the collection, processing, and storage of personal data in Saudi Arabia, crucial for online business operations
Anti-Money Laundering Law: Royal Decree No. M/20 - Ensures compliance with financial transparency and anti-money laundering requirements in business partnerships
Electronic Transactions Law: Royal Decree No. M/18 - Governs the validity and enforceability of electronic transactions and digital signatures
Commercial Registration Law: Royal Decree No. M/1 - Mandates registration requirements for businesses and partnerships operating in Saudi Arabia
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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