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Technology Development Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Technology Development Agreement

"I need a Technology Development Agreement for a software development project where my Saudi-based fintech company will engage a local developer to create a mobile payment application, with development starting in March 2025 and including source code escrow provisions."

Document background
The Technology Development Agreement is essential for organizations engaging in technology development projects within Saudi Arabia's rapidly evolving digital landscape. This document is particularly relevant in the context of Saudi Vision 2030's digital transformation initiatives and must comply with Saudi Arabian law, including recent technology regulations and Shariah principles. The agreement covers crucial aspects such as development specifications, intellectual property rights, acceptance testing, payment terms, and data protection requirements. It is designed to protect both the developer's and client's interests while ensuring compliance with local content requirements and technology transfer regulations. The document is particularly important for projects involving custom software development, system integration, or innovative technology solutions in Saudi Arabia.
Suggested Sections

1. Parties: Identification of the contracting parties including full legal names, registration details, and addresses

2. Background: Context of the agreement including the parties' expertise and general purpose of the technology development

3. Definitions: Detailed definitions of technical and legal terms used throughout the agreement

4. Scope of Development Services: Detailed description of the technology to be developed and specific services to be provided

5. Development Process: Development methodology, phases, milestones, and deliverables

6. Timeline and Acceptance: Development schedule, acceptance testing procedures, and criteria for completion

7. Payment Terms: Fee structure, payment schedule, and any milestone-based payments

8. Intellectual Property Rights: Ownership and licensing of pre-existing IP and newly developed IP

9. Confidentiality Obligations: Protection of confidential information and trade secrets

10. Warranties and Representations: Technical and legal warranties regarding the development services and deliverables

11. Term and Termination: Duration of agreement and grounds for termination

12. Data Protection and Security: Compliance with Saudi data protection laws and security requirements

13. Liability and Indemnification: Limitation of liability and indemnification obligations

14. Force Majeure: Events excusing performance and related procedures

15. Governing Law and Dispute Resolution: Saudi law governance and dispute resolution procedures

16. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

Optional Sections

1. Knowledge Transfer: Procedures for technology transfer and training - include when the client requires operational knowledge of the developed technology

2. Source Code Escrow: Terms for source code protection and release - include when source code access may be required in specific circumstances

3. Third Party Components: Management of third-party software and components - include when the development involves third-party technologies

4. Localization Requirements: Specific provisions for local content and Saudi market requirements - include for products intended for Saudi market deployment

5. Support and Maintenance: Post-development support terms - include when ongoing support is part of the arrangement

6. Change Management: Procedures for handling change requests - include for complex or long-term development projects

7. Export Control: Export control compliance - include when technology may be subject to export restrictions

8. Shariah Compliance: Specific provisions ensuring Shariah compliance - include when explicitly required by parties or financing

Suggested Schedules

1. Technical Specifications: Detailed technical requirements and specifications for the technology to be developed

2. Development Methodology: Detailed description of the development approach, tools, and standards to be used

3. Project Timeline: Detailed project schedule including milestones and deliverables

4. Acceptance Test Criteria: Detailed testing procedures and acceptance criteria

5. Service Levels: Performance metrics and service level requirements

6. Fee Schedule: Detailed breakdown of fees, payment milestones, and payment terms

7. Key Personnel: List of key team members and their roles

8. Security Requirements: Detailed security protocols and requirements

9. Data Processing Requirements: Specific requirements for data handling and processing

10. Form of Acceptance Certificate: Template for formal acceptance of deliverables

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

Information Technology

Software Development

Healthcare Technology

Financial Technology

Educational Technology

Industrial Technology

Artificial Intelligence

Blockchain

Internet of Things

Cloud Computing

Cybersecurity

Digital Transformation

Research and Development

Telecommunications

Manufacturing

Energy

Relevant Teams

Legal

Information Technology

Software Development

Project Management

Procurement

Research & Development

Compliance

Operations

Innovation

Product Development

Technical Architecture

Quality Assurance

Information Security

Contract Management

Relevant Roles

Chief Technology Officer

Chief Information Officer

IT Director

Project Manager

Legal Counsel

Contract Manager

Software Development Manager

Technology Consultant

Solution Architect

Product Owner

Procurement Manager

Innovation Director

Research & Development Manager

Digital Transformation Manager

Compliance Officer

Technical Director

Operations 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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