������Ƶ

The Commercial Real Estate Confidentiality Agreement is essential for protecting sensitive information exchanged during property transactions in Saudi Arabia. It is typically used when parties are considering significant real estate transactions such as sales, leases, or developments and need to share confidential information for due diligence or negotiation purposes. The agreement must comply with Saudi Arabian law, including the Real Estate Registered Contract Law and Anti-Commercial Concealment Law, while adhering to Sharia principles. It covers various types of confidential information including property valuations, financial data, tenant information, development plans, and strategic business information. This document is particularly important in the Saudi Arabian market where business relationships and confidentiality are highly valued, and where real estate transactions often involve significant commercial and strategic interests.

1. Parties: Identification of all parties to the agreement, including full legal names, commercial registration numbers, and addresses

2. Background: Context of the agreement, including the nature of the real estate transaction being considered and the purpose of sharing confidential information

3. Definitions: Key terms used in the agreement, including 'Confidential Information', 'Property', 'Permitted Purpose', and 'Representatives'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of the real estate transaction

5. Confidentiality Obligations: Core obligations regarding the use, protection, and non-disclosure of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to professional advisors and as required by law

7. Security Measures: Required procedures and safeguards for protecting confidential information

8. Return or Destruction of Information: Requirements for handling confidential information after the agreement ends or upon request

9. Duration and Survival: Term of the agreement and which obligations survive termination

10. Breach and Remedies: Consequences of breaching the agreement and available remedies under Saudi law

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

12. General Provisions: Standard provisions including entire agreement, amendments, and notices