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Business Confidentiality Agreement
"I need a Business Confidentiality Agreement for a technology partnership between my Saudi-based software company and a European cloud services provider, with special emphasis on data localization requirements and cross-border data transfer restrictions."
1. Parties: Identification of the parties entering into the agreement, including full legal names, addresses, and commercial registration numbers
2. Background: Context of the agreement, nature of the business relationship, and purpose of sharing confidential information
3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Authorized Personnel', 'Permitted Purpose', and other relevant terms
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Confidentiality Obligations: Core obligations regarding the protection, use, and non-disclosure of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed and to whom
7. Security Measures: Required security measures for protecting confidential information
8. Return or Destruction of Confidential Information: Obligations regarding the return or destruction of confidential information upon termination or request
9. Term and Termination: Duration of the agreement and circumstances for termination
10. Breach and Remedies: Consequences of breach and available remedies under Saudi law
11. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes
1. Data Protection Compliance: Additional provisions for compliance with Saudi data protection laws when confidential information includes personal data
2. Electronic Information Security: Specific provisions for protecting electronically stored or transmitted confidential information
3. Third Party Disclosure: Procedures for dealing with required disclosures to third parties or government authorities
4. Non-Solicitation: Restrictions on soliciting employees or customers, if relevant to the business relationship
5. Shariah Compliance Declaration: Explicit statement of Shariah compliance, particularly important for financial institutions
6. Survival Clause: Specification of which obligations survive termination of the agreement
7. Insurance Requirements: Requirements for insurance coverage related to confidential information protection
1. Schedule 1 - Specified Confidential Information: Detailed list or categories of information deemed confidential under the agreement
2. Schedule 2 - Authorized Personnel: List of personnel authorized to access and handle confidential information
3. Schedule 3 - Security Protocols: Specific security measures and protocols to be followed
4. Schedule 4 - Approved Third Party Recipients: Pre-approved third parties who may receive confidential information
5. Appendix A - Form of Confidentiality Undertaking: Template for confidentiality undertakings to be signed by authorized personnel
6. Appendix B - Data Breach Notification Procedure: Procedures to be followed in case of actual or suspected data breaches
Authors
Technology
Financial Services
Healthcare
Manufacturing
Energy & Oil
Construction
Professional Services
Telecommunications
Pharmaceuticals
Real Estate
Education
Defense & Security
Mining & Materials
Retail & Consumer Goods
Legal
Compliance
Executive Leadership
Business Development
Research & Development
Information Technology
Human Resources
Finance
Operations
Procurement
Risk Management
Information Security
Corporate Communications
Strategy
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Compliance Officer
Business Development Manager
Project Manager
Research & Development Director
Chief Technology Officer
Chief Financial Officer
Contract Manager
Human Resources Director
Information Security Officer
Operations Manager
Procurement Manager
Risk Manager
Strategic Partnership Director
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