Pre Bid Joint Venture Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Pre Bid Joint Venture Agreement

"I need a Pre-Bid Joint Venture Agreement under Saudi law between a local Saudi construction company and an international engineering firm to jointly bid on a major infrastructure project, with specific provisions for local content requirements and technology transfer arrangements."

Document background
The Pre-Bid Joint Venture Agreement is a crucial document used when multiple companies intend to collaborate on preparing and submitting a joint bid for a specific project or tender in Saudi Arabia. This agreement is particularly important in the Saudi Arabian context due to local content requirements, foreign investment regulations, and specific procurement laws that often necessitate collaboration between local and international firms. The document establishes the preliminary framework for cooperation, covering essential aspects such as confidentiality, resource sharing, and cost allocation during the bid preparation phase. It serves as a foundation for the full joint venture agreement that would be executed if the bid is successful, while ensuring compliance with Saudi Arabian legal requirements and commercial practices. The agreement is typically used in large-scale projects where combining capabilities and resources of multiple parties increases the chances of winning the bid and successfully delivering the project.
Suggested Sections

1. Parties: Identification of the joint venture partners, including full legal names, registration details, and addresses

2. Background: Context of the joint venture formation, including the target project/tender and the parties' expertise

3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpreting the document

4. Purpose and Scope: Specific objectives of the joint venture and scope of collaboration for the bid

5. Roles and Responsibilities: Detailed description of each party's contributions and duties in preparing and submitting the bid

6. Exclusivity: Commitments regarding exclusive collaboration for the specific bid

7. Cost Sharing and Financial Arrangements: Division of pre-bid costs and financial responsibilities

8. Decision Making and Management: Governance structure and decision-making processes for bid preparation

9. Confidentiality: Protection of confidential information shared during bid preparation

10. Intellectual Property Rights: Ownership and usage rights of IP contributed to or created during bid preparation

11. Term and Termination: Duration of the pre-bid arrangement and circumstances for early termination

12. Governing Law and Dispute Resolution: Saudi Arabian law as governing law and dispute resolution mechanisms

13. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement

Optional Sections

1. Formation of Project Company: Include when parties plan to form a separate legal entity upon successful bid

2. Local Content Requirements: Include when specific Saudi Arabian local content requirements apply to the bid

3. Parent Company Guarantees: Include when financial backing from parent companies is required

4. Anti-corruption Compliance: Include for public sector bids or when required by internal compliance policies

5. Insurance Requirements: Include when specific insurance coverage is needed during bid preparation

6. Staff Secondment: Include when parties will second staff to the joint venture during bid preparation

7. Bid Bond Arrangements: Include when bid security or bond is required by the tender

8. Post-Award Arrangements: Include when parties want to pre-agree certain terms that will apply if bid is successful

Suggested Schedules

1. Schedule 1 - Party Details and Notice Information: Detailed contact information and notice requirements for each party

2. Schedule 2 - Bid Preparation Budget: Detailed budget for bid preparation and cost allocation between parties

3. Schedule 3 - Resource Allocation: Specific personnel, equipment, and resources to be contributed by each party

4. Schedule 4 - Tender Requirements Summary: Key requirements from the tender documents that affect the JV arrangement

5. Schedule 5 - Timeline and Milestones: Detailed schedule for bid preparation activities and deadlines

6. Appendix A - Power of Attorney: Authorization for designated representatives to act on behalf of the JV

7. Appendix B - Compliance Requirements: Relevant regulatory and tender compliance requirements

8. Appendix C - Technical Qualifications: Summary of each party's relevant technical qualifications and experience

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

Relevant legal definitions
Clauses
Relevant Industries

Construction

Infrastructure

Oil & Gas

Energy

Defense

Healthcare

Transportation

Technology

Manufacturing

Utilities

Mining

Industrial Development

Real Estate Development

Relevant Teams

Legal

Business Development

Commercial

Finance

Operations

Strategy

Risk Management

Compliance

Technical

Project Management

Procurement

Corporate Development

Business Affairs

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Director

Legal Counsel

Contract Manager

Bid Manager

Commercial Director

Project Director

Chief Financial Officer

Operations Director

Strategy Director

Risk Manager

Compliance Officer

Technical Director

Partnership Manager

Industries
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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