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Confidentiality Waiver

Confidentiality Waiver Template for Saudi Arabia

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Key Requirements PROMPT example:

Confidentiality Waiver

"I need a Confidentiality Waiver under Saudi Arabian law for a merger deal closing in March 2025, allowing our company to share specific financial information with potential investors during the due diligence process."

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Document background
A Confidentiality Waiver is essential in situations where parties need to legally and formally release others from their confidentiality obligations under Saudi Arabian law. This document is typically used during mergers and acquisitions, due diligence processes, regulatory compliance requirements, or when confidential information needs to be disclosed to third parties. The waiver must carefully balance the requirements of Saudi Arabian regulations, including the Personal Data Protection Law and Anti-Cyber Crime Law, while adhering to Sharia principles. It should specify exactly what information is being released from confidentiality obligations, the scope of permitted disclosure, and any conditions or limitations on the use of the information. The document is particularly crucial in protecting the interests of both the party waiving confidentiality and those receiving permission to disclose information.
Suggested Sections

1. Parties: Identification of all parties involved in the waiver, including full legal names, addresses, and registration details for entities

2. Background: Context of the confidential information and the relationship between the parties

3. Definitions: Clear definitions of key terms, particularly 'Confidential Information' and 'Waiver'

4. Scope of Waiver: Detailed description of what confidential information is being waived and the extent of the waiver

5. Purpose: Specific purpose(s) for which the confidential information may be used or disclosed after the waiver

6. Duration: Time period for which the waiver remains effective

7. Representations and Warranties: Statements confirming authority to waive confidentiality and understanding of consequences

8. Compliance with Laws: Confirmation that the waiver complies with Saudi law and Sharia principles

9. Governing Law and Jurisdiction: Specification of Saudi law as governing law and relevant courts for dispute resolution

Optional Sections

1. Third Party Rights: Include when the confidential information involves or affects third party rights

2. Partial Waiver Provisions: Include when only specific aspects of confidentiality obligations are being waived

3. Regulatory Notifications: Include when the waiver requires notification to or approval from regulatory authorities

4. Electronic Execution: Include when the waiver will be executed electronically, ensuring compliance with Saudi Electronic Transactions Law

5. Reversal Rights: Include when parties want to specify conditions under which the waiver can be reversed or terminated

6. Data Protection Compliance: Include when the confidential information includes personal data under PDPL

Suggested Schedules

1. Schedule 1 - Specific Information Being Waived: Detailed list or description of the specific confidential information covered by the waiver

2. Schedule 2 - Authorized Recipients: List of persons or entities authorized to receive or use the information post-waiver

3. Schedule 3 - Required Notices: Template notices or forms required for regulatory compliance

4. Appendix A - Original Confidentiality Agreement: Copy of the original confidentiality agreement being waived, if applicable

5. Appendix B - Corporate Authorizations: Relevant corporate authorizations or powers of attorney for executing the waiver

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Financial Services

Healthcare

Technology

Professional Services

Manufacturing

Energy & Resources

Real Estate

Telecommunications

Education

Government & Public Sector

Construction

Retail & Consumer

Media & Entertainment

Relevant Teams

Legal

Compliance

Human Resources

Information Security

Risk Management

Corporate Governance

Executive Leadership

Finance

Operations

Business Development

Mergers & Acquisitions

Project Management

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Compliance Officer

Data Protection Officer

HR Director

Chief Financial Officer

Corporate Secretary

Risk Manager

Information Security Officer

Project Manager

Business Development Director

Mergers & Acquisitions Director

Operations Manager

Contract 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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