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The Agreement For Sale of Business is a crucial document used when transferring ownership of an entire business operation in Qatar. It is particularly relevant when companies are pursuing strategic acquisitions, divestments, or restructuring operations within the Qatari market. This comprehensive agreement ensures compliance with Qatar's legal framework, including the Commercial Law No. 27 of 2006, Civil Code, and other relevant regulations. The document covers all essential aspects of the transaction, from initial due diligence findings to post-completion obligations, including detailed provisions for asset transfer, employee transitions, liability allocations, and regulatory compliance. It is designed to protect both parties' interests while ensuring the transaction meets all local legal requirements, including any necessary regulatory approvals and registrations with Qatari authorities.

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

2. Background: Context of the transaction, brief description of the business, and purpose of the agreement

3. Definitions: Defined terms used throughout the agreement, including specific Qatari legal and regulatory terms

4. Sale and Purchase: Core transaction terms including what is being sold and purchased, and the basic deal structure

5. Purchase Price: Consideration, payment terms, adjustments, and payment mechanics

6. Conditions Precedent: Prerequisites to completion, including regulatory approvals and third-party consents required under Qatari law

7. Pre-Completion Obligations: Obligations of both parties between signing and completion, including business conduct requirements

8. Completion: Completion mechanics, timing, deliverables, and payment procedures

9. Seller's Warranties: Representations and warranties about the business, assets, and compliance with Qatari laws

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

11. Limitations on Liability: Limitations on warranty claims and general liability caps

12. Post-Completion Obligations: Ongoing obligations after completion, including transition services and non-compete provisions

13. Employees: Treatment of employees, transfer provisions, and compliance with Qatar Labor Law

14. Confidentiality: Confidentiality obligations and permitted disclosures

15. Governing Law and Dispute Resolution: Qatar law as governing law and dispute resolution procedures

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