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Perpetual Non Disclosure Agreement

Perpetual Non Disclosure Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Perpetual Non Disclosure Agreement

"I need a Perpetual Non Disclosure Agreement under Saudi law for a joint venture between my tech company and a Saudi manufacturing partner, with specific provisions for protecting our proprietary software and manufacturing processes."

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Document background
This Perpetual Non Disclosure Agreement is essential for businesses operating in Saudi Arabia who need to protect confidential information without a specific termination date. It is particularly relevant for long-term business relationships, strategic partnerships, and situations where sensitive information needs perpetual protection. The document is structured to comply with Saudi Arabian legal requirements, including the Commercial Law (Royal Decree No. M/1) and Law of Commercial Data (Royal Decree No. M/15), while adhering to Shariah principles. It's commonly used in scenarios involving technology transfers, joint ventures, consulting arrangements, and other business relationships where ongoing confidentiality is crucial. The agreement provides comprehensive protection for trade secrets, proprietary information, customer data, and other sensitive business information, with specific provisions for enforcement 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', 'Permitted Purpose', and 'Representatives'

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

5. Confidentiality Obligations: Core obligations regarding the protection, use, and non-disclosure of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and by legal requirement

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

8. Return or Destruction: Obligations regarding the return or destruction of confidential information upon request

9. Duration and Survival: Establishment of the perpetual nature of obligations and survival of terms

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes

12. General Provisions: Standard boilerplate clauses including severability, amendments, and notices

Optional Sections

1. Data Protection: Additional provisions for personal data protection, required if personal data is involved

2. Intellectual Property Rights: Clarification of IP ownership and rights, needed when confidential information includes IP

3. Non-Competition: Restrictions on competitive activities, if relevant to the business relationship

4. Assignment and Succession: Rules for transferring rights and obligations, important for complex corporate structures

5. Shariah Compliance Declaration: Explicit statement of Shariah compliance, useful when dealing with Islamic financial institutions

6. Force Majeure: Provisions for unforeseen circumstances affecting compliance, optional but recommended

7. Costs and Expenses: Allocation of costs related to compliance with NDA obligations, useful for complex relationships

Suggested Schedules

1. Schedule 1 - Categories of Confidential Information: Detailed list of types and categories of confidential information covered

2. Schedule 2 - Authorized Representatives: List of authorized representatives who may access confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols for handling confidential information

4. Schedule 4 - Notification Procedures: Procedures for reporting potential breaches or required disclosures

5. Appendix A - Form of Acknowledgment: Template for representatives to acknowledge confidentiality obligations

6. Appendix B - Destruction Certificate: Template certificate confirming 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 Industries

Technology

Financial Services

Healthcare

Manufacturing

Energy & Resources

Professional Services

Real Estate & Construction

Telecommunications

Education

Research & Development

Defense & Security

Islamic Finance

Petrochemicals

Retail & Consumer Goods

Transportation & Logistics

Relevant Teams

Legal

Compliance

Executive Leadership

Business Development

Research & Development

Information Technology

Human Resources

Finance

Operations

Risk Management

Information Security

Strategy

Procurement

Corporate Communications

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Legal Director

Compliance Officer

Business Development Manager

Chief Technology Officer

Research Director

Project Manager

Investment Manager

Commercial Director

Operations Manager

Chief Financial Officer

Human Resources Director

Risk Manager

Information Security Officer

Strategy Director

Procurement Manager

Industries
Saudi Commercial Law (Royal Decree No. M/1): Fundamental law governing commercial transactions and business relationships in Saudi Arabia, providing the basic framework for commercial contracts
Saudi Law of Commercial Data (Royal Decree No. M/15): Regulates protection of trade secrets and confidential commercial information, crucial for NDA provisions
Electronic Transactions Law (Royal Decree No. M/18): Governs electronic communications and digital signatures, relevant for electronic exchange of confidential information
Competition Law (Royal Decree No. M/75): Ensures NDAs do not contain anti-competitive provisions or unreasonably restrict business activities
Evidence Law (Royal Decree No. M/28): Governs what constitutes acceptable evidence in legal proceedings, important for enforcement of NDAs
Civil Transactions Law: Provides general principles for civil transactions and contracts, including requirements for validity and enforcement
Shariah Law Principles: Islamic legal principles that form the foundation of Saudi law and must be considered in contract formation and enforcement
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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