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Arbitrary Agreement Contract
"I need an Arbitrary Agreement Contract drafted under Saudi law for a technology services arrangement between our Riyadh-based software company and a government educational institution, with specific focus on data protection and Sharia-compliant payment terms, to be effective from March 1, 2025."
1. Parties: Identification of all contracting parties with full legal names, addresses, and registration details as per Saudi requirements
2. Background: Context of the agreement and the parties' intention to enter into a Sharia-compliant contract
3. Definitions and Interpretation: Key terms used in the agreement, including both English and Arabic definitions where necessary
4. Scope of Agreement: Clear delineation of the subject matter and scope of the contract
5. Term and Effectiveness: Duration of the agreement and conditions for effectiveness
6. Obligations of the Parties: Detailed responsibilities and commitments of each party
7. Financial Provisions: Payment terms and financial arrangements, ensuring Sharia compliance
8. Representations and Warranties: Statements of fact and assurances from each party
9. Compliance with Laws: Commitment to comply with Saudi laws and Sharia principles
10. Confidentiality: Protection of confidential information and trade secrets
11. Termination: Circumstances and procedures for ending the agreement
12. Dispute Resolution: Process for resolving disputes under Saudi law, including arbitration provisions
13. Governing Law: Specification of Saudi law and Sharia principles as governing law
14. Execution: Signature requirements and execution formalities as per Saudi law
1. Force Majeure: Provisions for unforeseen circumstances, used when parties want specific protection against external events
2. Assignment and Novation: Rules for transferring rights and obligations, included when transfer rights are relevant
3. Intellectual Property: IP rights and protection provisions, used when IP is involved in the transaction
4. Insurance: Insurance requirements and obligations, included for high-risk transactions
5. Anti-corruption: Compliance with anti-corruption laws, used in international or high-value contracts
6. Data Protection: Data handling and privacy provisions, included when personal data is processed
7. Change Control: Procedures for making changes to the agreement, used in complex or long-term contracts
8. Parent Company Guarantee: Guarantee provisions from parent companies, used when additional security is required
1. Schedule 1 - Services/Products Description: Detailed description of services or products covered by the agreement
2. Schedule 2 - Pricing and Payment Terms: Detailed pricing structure and payment mechanisms
3. Schedule 3 - Service Levels: Performance standards and metrics, if applicable
4. Schedule 4 - Key Personnel: List of key personnel involved in contract execution
5. Schedule 5 - Technical Specifications: Technical requirements and specifications
6. Schedule 6 - Form of Notice: Template for formal notices under the agreement
7. Appendix A - Required Documents: List of documents required for compliance with Saudi regulations
8. Appendix B - Execution Requirements: Specific requirements for valid execution under Saudi law
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Executive Leadership
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Contract Manager
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Chief Executive Officer
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Commercial Director
Compliance Officer
Project Manager
Operations Manager
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