Sourcing Fee Agreement Template for Saudi Arabia

1. Exclusivity: Terms regarding exclusive rights for sourcing services, used when parties agree to work exclusively

2. Performance Metrics: Specific KPIs and performance standards, included when measurable targets are part of the arrangement

3. Foreign Currency Provisions: Terms dealing with currency exchange and international payments, needed for cross-border arrangements

4. Force Majeure: Provisions for unforeseen circumstances preventing performance, particularly relevant in long-term arrangements

5. Insurance: Requirements for insurance coverage, included when specific risks need to be covered

6. Anti-corruption Compliance: Specific provisions regarding compliance with anti-corruption laws, essential for international arrangements

7. Data Protection: Terms regarding handling of personal data, required when personal data processing is involved

1. Schedule 1 - Service Description: Detailed breakdown of sourcing services and specific requirements

2. Schedule 2 - Fee Calculation: Detailed methodology for calculating fees, including any variables or formulas

3. Schedule 3 - Key Personnel: List of key individuals involved in providing the sourcing services

4. Schedule 4 - Service Levels: Specific performance metrics and service level requirements

5. Schedule 5 - Compliance Requirements: Specific regulatory and compliance requirements applicable to the services

6. Appendix A - Required Documentation: List of documents required for sourcing services and fee payments

7. Appendix B - Reporting Templates: Standard forms and templates for service reporting and fee calculations