This Mutual NDA template is specifically designed for use under Saudi Arabian law when two parties need to exchange confidential information while ensuring mutual protection of their sensitive data. The document is particularly relevant for business negotiations, joint ventures, potential partnerships, or any situation where confidential information needs to be shared between parties in Saudi Arabia or with Saudi entities. It includes comprehensive provisions addressing both traditional and electronic forms of confidential information, compliance with Saudi cyber laws, and Sharia principles. The Mutual NDA template incorporates specific requirements of Saudi commercial law and provides appropriate remedies available under the Saudi legal system, making it suitable for both domestic and international business relationships involving Saudi parties.
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1. Parties: Identification of the parties entering into the NDA, including full legal names, addresses, and commercial registration details as required under Saudi law
2. Background: Context of the agreement, purpose of sharing confidential information, and general intent of the parties
3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant definitions
4. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information
5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and as required by law
6. Protection Measures: Specific security measures required to protect confidential information
7. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request
8. Term and Survival: Duration of the agreement and which provisions survive termination
9. Breach and Remedies: Consequences of breach and available remedies under Saudi law
10. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments
1. Electronic Communications: Provisions regarding the exchange of confidential information through electronic means, recommended when parties will primarily share information digitally
2. Data Protection: Specific provisions relating to personal data protection, necessary when confidential information includes personal data
3. Non-Solicitation: Restrictions on soliciting employees or customers, useful when parties have concerns about potential poaching
4. Export Control: Provisions regarding compliance with export control laws, necessary when dealing with regulated technologies or international transfers
5. Shariah Compliance: Explicit confirmation of Shariah compliance, recommended for agreements involving Islamic financial institutions or when specifically required by parties
1. Schedule 1 - Specified Purpose: Detailed description of the permitted purpose for which confidential information may be used
2. Schedule 2 - Security Measures: Specific security protocols and measures required for protecting confidential information
3. Schedule 3 - Authorized Representatives: List of authorized representatives who may access confidential information
4. Appendix A - Form of Acknowledgment: Template acknowledgment form for representatives who will have access to confidential information
Relevant legal definitions
Clauses
Relevant Industries
Technology
Financial Services
Healthcare
Manufacturing
Energy & Oil
Telecommunications
Professional Services
Real Estate
Construction
Education
Retail
Mining
Agriculture
Transportation & Logistics
Defense & Security
Relevant Teams
Legal
Compliance
Business Development
Executive Leadership
Research & Development
Information Technology
Human Resources
Finance
Operations
Procurement
Investment
Strategy
Corporate Affairs
Risk Management
Project Management
Relevant Roles
Chief Executive Officer
Managing Director
Legal Counsel
Business Development Manager
Project Manager
Chief Technology Officer
Research Director
Investment Manager
Procurement Manager
HR Director
Chief Financial Officer
Operations Manager
Compliance Officer
Strategy Director
Technical Director
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