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Real Estate Non Disclosure Agreement

Real Estate Non Disclosure Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Real Estate Non Disclosure Agreement

"I need a Real Estate Non Disclosure Agreement under Saudi law for a confidential property development project in Riyadh, to be signed by March 2025 between our development company and potential investors, with specific provisions for protecting digital property plans and financial projections."

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Document background
The Real Estate Non-Disclosure Agreement is essential for protecting sensitive information in Saudi Arabian property transactions. It is commonly used when parties need to share confidential details during property negotiations, developments, or investments. The document ensures compliance with Saudi law, including the Personal Data Protection Law (PDPL) 2021, Real Estate Law (Royal Decree No. M/50), and Shariah principles. This agreement is particularly important given Saudi Arabia's growing real estate market under Vision 2030 and increased foreign investment in the sector. It covers various types of confidential information, from property valuations and market analyses to development strategies and financial data, while including specific provisions for both traditional and digital information protection. The agreement is structured to accommodate both domestic and international parties while maintaining compliance with local regulations and business practices.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and registration details as per Saudi requirements

2. Background: Context of the real estate transaction or relationship necessitating the NDA

3. Definitions: Key terms including 'Confidential Information', 'Real Estate Transaction', 'Permitted Purpose', and other relevant definitions

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

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

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

7. Security Measures: Required security protocols for protecting confidential information

8. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request

9. Term and Survival: Duration of the agreement and surviving obligations

10. Breach and Remedies: Consequences of breach and available remedies under Saudi law

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction

Optional Sections

1. Digital Data Protection: Additional provisions for digital confidential information, relevant when the transaction involves significant electronic data

2. Foreign Investment Provisions: Special provisions required when one party is a foreign investor under Saudi investment laws

3. Shariah Compliance Declaration: Explicit confirmation of Shariah compliance, particularly important for Islamic financial institutions

4. Real Estate Regulatory Compliance: Specific provisions relating to compliance with Saudi real estate regulations, needed for regulated real estate transactions

5. Translation Clause: Required when the agreement is bilingual, specifying which language prevails

6. Personal Data Protection: Additional provisions when confidential information includes personal data under PDPL

7. Competition Law Compliance: Specific provisions ensuring the NDA doesn't violate Saudi competition laws

Suggested Schedules

1. Schedule 1 - Specified Confidential Information: Detailed list of specific confidential information covered by the agreement

2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information

3. Schedule 3 - Security Protocols: Detailed security measures and procedures for protecting confidential information

4. Schedule 4 - Required Notices and Forms: Standard forms for notification of disclosure requests or breaches

5. Appendix A - Property Details: Details of the real estate property or properties involved

6. Appendix B - Regulatory Notifications: Required forms and notices under Saudi real estate regulations

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

alex.den.21@genieai.co
Relevant legal definitions








































Clauses





























Relevant Industries

Real Estate

Construction

Property Development

Investment Banking

Islamic Finance

Property Management

Commercial Property

Residential Property

Industrial Property

Hospitality

Retail Property

Infrastructure Development

Urban Planning

Facilities Management

Relevant Teams

Legal

Compliance

Real Estate Operations

Investment

Business Development

Risk Management

Property Management

Asset Management

Facilities Operations

Corporate Real Estate

Transaction Management

Investment Analysis

Property Development

Project Management

Relevant Roles

Real Estate Director

Property Development Manager

Investment Manager

Legal Counsel

Compliance Officer

Real Estate Analyst

Property Valuation Specialist

Business Development Director

Project Manager

Real Estate Operations Manager

Investment Advisor

Risk Manager

Real Estate Portfolio Manager

Asset Manager

Facilities Manager

Corporate Real Estate Manager

Chief Investment Officer

Real Estate Transaction Manager

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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