This Simple Confidentiality Agreement template is designed for use in Saudi Arabia when parties need to share sensitive business information while ensuring legal protection under Saudi law. The document is particularly useful in initial business discussions, potential partnerships, or service arrangements where confidential information needs to be disclosed. It incorporates requirements from Saudi commercial law, data protection regulations, and Sharia principles, making it suitable for both domestic and international business relationships within Saudi jurisdiction. The agreement covers various types of confidential information, including trade secrets, technical data, business plans, and customer information, while providing clear obligations and remedies in case of breach. It is structured to be easily understood while maintaining legal effectiveness in Saudi courts.
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1. Parties: Identification of the parties entering into the agreement, including full legal names, addresses, and registration numbers if applicable
2. Background: Brief context of why the agreement is being entered into and the relationship between the parties
3. Definitions: Key terms used in the agreement, particularly defining 'Confidential Information' and related terms
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Obligations of Receiving Party: Core confidentiality obligations, including protection, non-disclosure, and permitted use of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law
7. Term and Survival: Duration of the agreement and which obligations survive termination
8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request
9. Breach and Remedies: Consequences of breach and available remedies under Saudi law
10. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for dispute resolution
1. Security Measures: Specific technical and organizational measures required for protecting confidential information, particularly relevant for digital information
2. Shariah Compliance: Explicit statement of Shariah compliance, particularly important when dealing with Islamic financial institutions
3. Data Protection Compliance: Specific provisions relating to compliance with Saudi Arabia's Personal Data Protection Law, relevant when confidential information includes personal data
4. Non-Competition: Additional provisions preventing the receiving party from competing with the disclosing party, when relevant to the business context
5. Assignment: Provisions regarding whether rights under the agreement can be assigned to third parties
6. Force Majeure: Provisions for circumstances beyond parties' control, particularly relevant in long-term confidentiality obligations
7. Language: Specification of prevailing language when agreement is bilingual (Arabic/English), important for official purposes in Saudi Arabia
1. Schedule 1 - Specified Confidential Information: Detailed list or categories of specific confidential information covered by the agreement
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive or handle confidential information
3. Schedule 3 - Security Protocols: Detailed technical and organizational security measures required for protecting the confidential information
4. Appendix A - Form of Acknowledgment: Template for acknowledgment to be signed by employees or third parties who will have access to confidential information
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