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The Sale Of Membership Interest Agreement is a crucial document used in Qatar for transferring ownership stakes in companies, whether wholly or partially. This agreement is particularly important in the Qatar business environment, where company ownership transfers must comply with specific local regulations, including the Qatar Commercial Companies Law No. 11 of 2015 and related legislation. The document is used when a member (shareholder) wishes to sell their interest in a Qatar company to another party, requiring careful consideration of foreign ownership restrictions, commercial registration requirements, and necessary governmental approvals. The agreement typically includes comprehensive details about the transaction, including purchase price, payment terms, representations and warranties, and closing conditions, all structured to ensure compliance with Qatar's legal framework while protecting the interests of all parties involved.

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

2. Background: Context of the transaction, description of the company, and current ownership structure

3. Definitions: Defined terms used throughout the agreement, ensuring consistent interpretation

4. Sale and Purchase: Core transaction terms including membership interests being sold and purchase price

5. Purchase Price and Payment: Detailed payment terms, method of payment, and any adjustments

6. Conditions Precedent: Conditions that must be satisfied before closing of the transaction

7. Closing: Specific requirements and procedures for completing the transaction

8. Seller's Warranties: Representations and warranties from the seller regarding the membership interests and company

9. Buyer's Warranties: Representations and warranties from the buyer, including capacity to purchase

10. Pre-Closing Covenants: Obligations of parties between signing and closing

11. Post-Closing Covenants: Ongoing obligations after the closing

12. Indemnification: Rights and obligations regarding compensation for losses or breaches

13. Confidentiality: Provisions regarding confidential information and its protection

14. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes

15. General Provisions: Standard boilerplate clauses including notices, amendments, and entirety of agreement