Simple Joint Venture Agreement Template for Saudi Arabia

1. Intellectual Property Rights: Required when the joint venture involves significant IP assets or development of new IP

2. Non-Competition: Include when partners want to restrict competitive activities

3. Employment Matters: Necessary when the JV will have direct employees or secondment arrangements

4. Sharia Compliance: Detailed section required when specific Sharia-compliant structures or financing are involved

5. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

6. Insurance: Required when specific insurance arrangements need to be maintained

7. Environmental Compliance: Include for ventures involving industrial or environmental impacts

8. Saudization Requirements: Necessary when the venture must meet specific Saudi workforce requirements

1. Business Plan: Detailed business plan including objectives, strategies, and financial projections

2. Capital Contributions Schedule: Detailed breakdown of each party's capital contributions, including timing and valuation

3. Management Structure: Organizational chart and detailed management responsibilities

4. Key Performance Indicators: Specific performance metrics and targets for the joint venture

5. Initial Budget: Detailed budget for the first operational period

6. Shareholder Reserved Matters: List of decisions requiring special approval from the partners

7. Property and Assets: List of initial assets contributed to or acquired by the joint venture

8. Required Licenses and Permits: List of regulatory approvals needed for operation