Article 1: Definition of Confidential Information

As per established practices in dealing with information classified as “confidential,” all information shared or discussed by Party One with Party Two (in whole or in part) remains confidential between the parties. Both parties commit to maintaining confidentiality. This includes information obtained during discussions related to potential collaboration, business relationships, partnerships, or other options discussed after the signing of this agreement, whether in person, remotely, through intermediaries, in writing, verbally, visually, or electronically. This also applies to information regarding prototypes, proposed services, knowledge, current or anticipated research, development, services, operations, concepts, designs, customer lists, markets, sales, marketing strategies, plans, copyrights, graphics, software, studies, ongoing business processes, financial information, pricing, strategies, and other commercial or financial information disclosed by Party One to Party Two.

Article 2: Limits on the Use of Confidential Information

Both parties commit to adhering to the purpose of this agreement and to strictly maintaining the confidentiality of all shared information. This confidentiality is exclusively for the benefit of the party authorized to disclose such information.

Article 3: Prohibition of Unauthorized Use

Both parties agree not to use the shared confidential information for purposes contradicting the objectives or terms of this agreement without written consent or a valid license.

Article 4: Non-Disclosure Commitment After Termination

If this agreement is terminated at any time upon the request of either party, both parties agree to continue maintaining the confidentiality of the shared information. They further agree not to compete with one another during the agreement period. In the absence of mutual agreement on presented ideas, visions, or projects, Party Two commits to returning all documents (paper or electronic) related to the discussed matters (if any in their possession) to Party One.

Article 5: Responsibility for Breach and Dispute Resolution

Party Two will bear full liability for any breach of this agreement or unauthorized disclosure of confidential information, including compensation for any damages incurred by Party One, subject to official and documented evidence under the relevant legal frameworks (e.g., intellectual property rights). In case of disputes, both parties will strive for amicable resolution based on good faith, mutual trust, and principles of fairness. If no satisfactory resolution is reached, the matter will be referred to the Commercial Court in Riyadh, Saudi Arabia.

Article 6: Non-Disclosure Pledge

I solemnly pledge not to disclose, share, transfer, or retain for myself or others any of the ideas, names, projects, or other concepts presented by Party One during or after the negotiation period, even if no agreement is reached. All presented materials remain the exclusive rights of Party One.

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