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Business Development Partnership Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

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."

Document background
The Business Development Partnership Agreement serves as a crucial legal framework for organizations seeking to establish structured collaborative relationships for business development purposes in Saudi Arabia. This document is particularly relevant in the context of Saudi Vision 2030's emphasis on private sector growth and foreign investment. It is commonly used when companies wish to leverage local expertise and networks for market expansion, or when organizations seek to combine their capabilities for mutual business growth. The agreement addresses essential elements required under Saudi law, including Sharia compliance, local partner requirements, and relevant commercial regulations. It covers key aspects such as scope of collaboration, revenue sharing, performance metrics, territorial rights, and compliance requirements, while providing necessary protections for all parties involved. This type of agreement is particularly important given Saudi Arabia's unique business environment and regulatory framework, which requires careful consideration of both local and international business practices.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






















































Clauses










































Relevant Industries

Technology

Healthcare

Financial Services

Manufacturing

Energy

Construction

Retail

Professional Services

Education

Tourism

Defense

Transportation

Real Estate

Telecommunications

Environmental Services

Relevant Teams

Business Development

Legal

Compliance

Commercial

Strategy

Sales

Operations

Finance

Risk Management

Corporate Development

International Operations

Partnerships

Contract Management

Executive Leadership

Relevant Roles

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

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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