Reciprocal Confidentiality Agreement for Saudi Arabia

Reciprocal Confidentiality Agreement Template for Saudi Arabia

A comprehensive bilateral agreement governed by Saudi Arabian law that establishes mutual obligations for protecting confidential information exchanged between two parties. This agreement ensures compliance with Saudi Arabian legal requirements, including relevant provisions of the Commercial Court Law, Electronic Transactions Law, and data protection regulations. It provides a framework for secure information sharing while establishing clear protocols for handling, storing, and returning or destroying confidential information. The agreement includes specific provisions for electronic data security and considers Shariah law principles where applicable.

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What is a Reciprocal Confidentiality Agreement?

This Reciprocal Confidentiality Agreement is designed for use when two parties need to share sensitive business information during business discussions, negotiations, or collaborative projects in Saudi Arabia. It provides equal protection to both parties' confidential information and includes specific provisions compliant with Saudi Arabian law, including the Commercial Court Law, Electronic Transactions Law, and data protection regulations. The agreement is particularly useful during initial business discussions, due diligence processes, joint ventures, or any situation where mutual disclosure of confidential information is necessary. It includes comprehensive definitions of confidential information, clear security protocols, and specific requirements for handling electronic data, making it suitable for both traditional business information and digital assets.

What sections should be included in a Reciprocal Confidentiality Agreement?

1. Parties: Identification of the parties entering into the agreement, including full legal names, registration numbers, and registered addresses

2. Background: Brief context explaining why the parties are entering into the agreement and the general purpose of their discussions/relationship

3. Definitions: Key terms used in the agreement, including 'Confidential Information', 'Authorized Representatives', 'Permitted Purpose', and 'Affiliated Companies'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

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

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, and as required by law

7. Security Measures: Specific measures required to protect confidential information, including electronic data security requirements

8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

9. Duration and Survival: Term of the agreement and which obligations survive termination

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

11. General Provisions: Standard provisions including entire agreement, amendments, and severability

What sections are optional to include in a Reciprocal Confidentiality Agreement?

1. Data Protection Compliance: Additional provisions addressing compliance with Saudi Arabian data protection laws, required when confidential information includes personal data

2. Electronic Information Security: Specific provisions for handling electronic data and compliance with Saudi cybersecurity requirements, needed when confidential information is primarily electronic

3. Export Control: Provisions addressing export control regulations, required when confidential information may be subject to export restrictions

4. Shariah Compliance: Specific provisions ensuring compliance with Islamic law principles, important for certain types of transactions or parties

5. Non-Solicitation: Restrictions on soliciting employees or customers, relevant when parties have access to personnel or customer information

6. Intellectual Property Rights: Specific provisions regarding IP ownership and rights, needed when confidential information includes IP-sensitive material

What schedules should be included in a Reciprocal Confidentiality Agreement?

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

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

3. Schedule 3 - Security Protocols: Specific technical and organizational security measures required for protecting confidential information

4. Schedule 4 - Form of Confidentiality Undertaking: Template confidentiality undertaking for employees or third parties who will access the 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

Jurisdiction

Saudi Arabia

Publisher

Genie AI

Cost

Free to use
Relevant Industries

Technology

Manufacturing

Healthcare

Financial Services

Energy

Oil & Gas

Construction

Real Estate

Professional Services

Telecommunications

Education

Defense

Aviation

Automotive

Pharmaceuticals

Retail

Mining

Agriculture

Entertainment

Transportation & Logistics

Relevant Teams

Legal

Compliance

Corporate Secretariat

Business Development

Procurement

Risk Management

Information Technology

Research & Development

Operations

Finance

Human Resources

Information Security

Corporate Communications

Strategy

Innovation

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Legal Director

Commercial Director

Business Development Manager

Chief Technology Officer

Chief Financial Officer

Procurement Manager

Contract Manager

Legal Counsel

Compliance Officer

Risk Manager

Project Manager

Partnership Manager

Research & Development Director

Innovation Manager

Investment Manager

Operations Director

Corporate Secretary

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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