The Supplier Confidentiality Agreement is essential for businesses operating in Saudi Arabia that need to share sensitive information with their suppliers while maintaining strict confidentiality. This document is particularly relevant in the context of Saudi Arabia's expanding economy and increasing focus on international business relationships. It should be used before engaging in detailed discussions with suppliers or sharing any proprietary information, technical specifications, or business strategies. The agreement ensures compliance with Saudi Arabian laws, including the Commercial Courts Law, Anti-Cyber Crime Law, and data protection regulations, while adhering to Sharia principles. It provides mechanisms for protecting confidential information, defining permitted uses, and establishing clear remedies in case of breach, all within the framework of Saudi Arabian jurisdiction.
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1. Parties: Identification of the disclosing party (typically the company) and the receiving party (the supplier)
2. Background: Context of the business relationship and purpose of sharing confidential information
3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Authorized Representatives', and other relevant definitions
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Obligations of Confidentiality: Core confidentiality obligations, including protection, non-disclosure, and permitted use of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees and professional advisors
7. Security Measures: Required security measures for protecting confidential information
8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request
9. Duration and Survival: Term of the agreement and surviving obligations
10. Breach and Remedies: Consequences of breach and available remedies
11. Governing Law and Jurisdiction: Specification of Saudi Arabian law and competent courts
12. Entire Agreement: Standard entire agreement clause confirming this document represents the complete agreement between parties
1. Data Protection Compliance: Include when confidential information includes personal data subject to PDPL
2. Electronic Information Security: Include when confidential information will be shared or stored electronically
3. Third Party Rights: Include when there are group companies or affiliates who need rights under the agreement
4. Islamic Finance Compliance: Include when the agreement relates to Islamic banking or finance activities
5. Export Control: Include when confidential information may be subject to export control regulations
6. Competitive Restrictions: Include when there's a need to restrict supplier from working with competitors
7. Force Majeure: Include when there's a need to address circumstances preventing compliance with obligations
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3 - Security Protocols: Specific security measures and protocols to be followed
4. Schedule 4 - Permitted Purpose: Detailed description of the business purpose for which confidential information may be used
5. Appendix A - Form of Acknowledgment: Template for acknowledgment by authorized representatives
6. Appendix B - Data Destruction Certificate: Template certificate confirming destruction of confidential information
Relevant legal definitions
Clauses
Relevant Industries
Oil and Gas
Technology
Manufacturing
Healthcare
Financial Services
Construction
Telecommunications
Retail
Defense
Renewable Energy
Professional Services
Logistics and Supply Chain
Mining
Pharmaceuticals
Education
Relevant Teams
Legal
Procurement
Supply Chain
Finance
Operations
Compliance
Risk Management
Information Technology
Commercial
Business Development
Project Management
Technical Operations
Executive Leadership
Relevant Roles
Procurement Manager
Legal Counsel
Supply Chain Director
Vendor Management Specialist
Contract Administrator
Chief Financial Officer
Project Manager
Operations Director
Compliance Officer
Risk Manager
Technical Director
Chief Technology Officer
Business Development Manager
Commercial Manager
Chief Executive Officer
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