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A Deed of Termination of Shareholders Agreement is utilized when parties to an existing shareholders agreement mutually agree to terminate their arrangement, often due to business restructuring, company sale, or dissolution of the business relationship. This document, crucial in Qatar's business environment, must comply with local commercial laws and authentication requirements. The deed formally documents the termination of all rights and obligations under the original agreement, provides for mutual releases, and addresses the handling of confidential information and outstanding obligations. It requires careful consideration of Qatar's Commercial Companies Law No. 11 of 2015 and Civil Code Law No. 22 of 2004, particularly regarding contract termination and shareholder rights. The document is typically executed in both Arabic and English, with the Arabic version prevailing in case of any discrepancy.

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

2. Background: Recitals explaining the existing Shareholders Agreement, its date, and the parties' intention to terminate it

3. Definitions: Key terms used in the deed, including 'Agreement' (referring to the Shareholders Agreement being terminated), 'Effective Date', and other relevant defined terms

4. Termination: Clear statement terminating the Shareholders Agreement and specifying the effective date of termination

5. Mutual Release: Provisions releasing all parties from their obligations under the Shareholders Agreement

6. Return of Documents and Property: Requirements for parties to return any confidential information or property held pursuant to the Agreement

7. Representations and Warranties: Confirmations from each party regarding authority to enter into the deed and that no breach of the Agreement exists

8. Governing Law and Jurisdiction: Specification of Qatar law as governing law and Qatar courts' jurisdiction

9. Language: Specification that the deed is executed in both English and Arabic, with Arabic prevailing in case of conflict

10. Execution: Formal execution blocks meeting Qatari requirements for deeds