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Business Development Partnership Agreement
"I need a Business Development Partnership Agreement governed by Saudi law for a technology company entering into a partnership with a local Saudi distributor, including exclusive rights for Riyadh region starting March 2025, with a 60-40 revenue split and minimum performance requirements."
1. Parties: Identification of the contracting parties with full legal names, addresses, and registration details as per Saudi commercial registry requirements
2. Background: Context of the partnership, including business objectives and general intent of the parties
3. Definitions: Key terms used throughout the agreement, including Arabic translations where necessary for legal clarity
4. Scope of Partnership: Detailed description of the business development activities, territories, and sectors covered
5. Term and Renewal: Duration of the agreement and conditions for renewal or extension
6. Obligations of the Parties: Specific responsibilities and commitments of each party in the business development partnership
7. Financial Terms: Revenue sharing, commission structures, payment terms, and financial obligations
8. Performance Targets: Measurable objectives and key performance indicators for the partnership
9. Confidentiality: Protection of confidential information and trade secrets
10. Intellectual Property Rights: Ownership and usage rights of IP in the partnership
11. Non-Competition and Exclusivity: Restrictions on competing activities and exclusivity terms
12. Termination: Grounds and procedures for termination, including notice periods
13. Consequences of Termination: Post-termination obligations and wind-down procedures
14. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanisms
15. General Provisions: Standard clauses including force majeure, notices, and amendments
1. Shariah Compliance: Specific provisions ensuring compliance with Islamic law principles, required when dealing with Islamic financial institutions or specific sectors
2. Local Partner Requirements: Specific provisions for Saudi local partner requirements, needed when involving foreign parties
3. Training and Support: Details of training and support programs, included when knowledge transfer is part of the partnership
4. Marketing and Branding: Guidelines for marketing activities and brand usage, needed when joint marketing is part of the arrangement
5. Data Protection: Specific data handling and protection requirements, necessary when dealing with sensitive customer data
6. Force Majeure: Detailed force majeure provisions, particularly relevant in long-term partnerships
7. Insurance Requirements: Specific insurance obligations, important in high-risk business activities
8. Anti-Corruption Compliance: Detailed anti-corruption provisions, particularly important in government-related contracts
1. Business Plan: Detailed business development strategy and implementation plan
2. Territory Definition: Specific geographical areas or market segments covered by the agreement
3. Commission Structure: Detailed breakdown of commission rates and calculation methods
4. KPI Metrics: Detailed performance indicators and measurement criteria
5. Required Licenses: List of necessary licenses and permits for the partnership
6. Approved Marketing Materials: Pre-approved marketing content and guidelines
7. Contact Details: Key contact persons and escalation matrix for both parties
8. Compliance Requirements: Specific regulatory and compliance requirements applicable to the partnership
Authors
Technology
Healthcare
Financial Services
Manufacturing
Energy
Construction
Retail
Professional Services
Education
Tourism
Defense
Transportation
Real Estate
Telecommunications
Environmental Services
Business Development
Legal
Compliance
Commercial
Strategy
Sales
Operations
Finance
Risk Management
Corporate Development
International Operations
Partnerships
Contract Management
Executive Leadership
Business Development Director
Managing Director
Chief Executive Officer
Commercial Director
Partnership Manager
Legal Counsel
Compliance Officer
Strategy Director
Regional Manager
Sales Director
Operations Manager
Chief Commercial Officer
Business Development Representative
Account Executive
Contract Manager
Risk Manager
Chief Financial Officer
Business Development Consultant
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