Acknowledgement Of Confidentiality Agreement

Acknowledgement Of Confidentiality Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

"I need an Acknowledgement of Confidentiality Agreement for a Saudi-based technology company to use with new contractors who will be accessing our proprietary software code and technical documentation during a three-month project starting March 2025."

Document background

The Acknowledgement of Confidentiality Agreement serves as a crucial legal instrument in Saudi Arabian business operations where sensitive information needs to be protected. This document is typically used when one party needs to share confidential information with another party, whether in employment relationships, business partnerships, or commercial transactions. It acknowledges receipt of confidential information and establishes binding obligations to maintain its confidentiality, operating within Saudi Arabia's legal framework, including Sharia law principles, the Anti-Cyber Crime Law, and data protection regulations. The agreement is particularly important in the context of Saudi Arabia's growing economy and international business relationships, where protection of proprietary information and trade secrets is essential for maintaining competitive advantage and ensuring compliance with local legal requirements.

Suggested Sections

1. Parties: Identification of the disclosing party and the receiving party, including full legal names and addresses

2. Background: Context of the relationship between parties and purpose of the confidentiality acknowledgement

3. Definitions: Clear definitions of 'Confidential Information', 'Authorized Purpose', and other key terms

4. Acknowledgement of Confidentiality: Express acknowledgement of receiving confidential information and agreement to maintain confidentiality

5. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

6. Confidentiality Obligations: Specific duties and responsibilities regarding the protection and non-disclosure of confidential information

7. Permitted Uses: Explicit statement of how the confidential information may be used and by whom

8. Security Measures: Required measures to protect confidential information from unauthorized access or disclosure

9. Duration of Obligations: Period for which the confidentiality obligations remain in effect

10. Return or Destruction of Information: Requirements for handling confidential information upon request or termination

11. Breach and Remedies: Consequences of breach and available legal remedies

12. Governing Law and Jurisdiction: Specification of Saudi Arabian law as governing law and jurisdiction for disputes

Optional Sections

1. Authorized Personnel: Used when specific employees or representatives need to be designated as authorized to access the confidential information

2. Third Party Disclosure: Include when there might be legitimate needs to share information with specific third parties like advisors or regulators

3. Electronic Information Security: Add when confidential information includes electronic data requiring specific cybersecurity measures

4. Non-Solicitation: Include when there's a need to prevent the receiving party from soliciting employees or customers

5. Sharia Compliance Statement: Add when explicitly required to confirm compliance with Islamic law principles

6. Survival Clause: Include when certain obligations need to survive the termination of the main agreement

7. Force Majeure: Add when need to address circumstances beyond parties' control affecting confidentiality obligations

Suggested Schedules

1. Schedule A - Description of Confidential Information: Detailed list and description of specific confidential information covered

2. Schedule B - Authorized Personnel: List of individuals authorized to access and use the confidential information

3. Schedule C - Security Protocols: Specific security measures and protocols to be followed

4. Appendix 1 - Acknowledgement Form: Form for individual employees or representatives to sign acknowledging confidentiality obligations

5. Appendix 2 - Return/Destruction Certificate: Template certificate confirming return or destruction of confidential information

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

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Technology

Healthcare

Financial Services

Manufacturing

Energy & Oil

Professional Services

Telecommunications

Real Estate

Construction

Education

Research & Development

Pharmaceuticals

Defense

Mining

Retail

Logistics

Relevant Teams

Legal

Human Resources

Information Technology

Research and Development

Finance

Operations

Business Development

Procurement

Executive Leadership

Project Management

Sales

Marketing

Information Security

Compliance

Risk Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Legal Counsel

Human Resources Director

Project Manager

Research Scientist

Business Development Manager

Systems Administrator

Financial Analyst

Management Consultant

Product Developer

Sales Director

Investment Banker

Technical Advisor

Operations Manager

Procurement Manager

External Auditor

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