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The Discretionary Management Agreement is essential for financial institutions and investment managers operating in Qatar who provide professional investment management services. This document is required when a client wishes to delegate investment decision-making authority to a qualified investment manager regulated by the Qatar Financial Centre or Qatar Central Bank. It establishes the legal framework for the relationship, defining the manager's authority, investment parameters, risk management, fee structures, and reporting requirements. The agreement must comply with Qatar's sophisticated financial services regulatory regime, including QFC regulations, anti-money laundering requirements, and client protection rules. It's particularly important for institutional relationships, high-net-worth individuals, and entities seeking professional portfolio management services in Qatar's growing financial sector.

1. Parties: Identification of the investment manager and the client, including their legal status and contact details

2. Background: Context of the agreement and brief description of the services to be provided

3. Definitions: Key terms used throughout the agreement, including regulatory and financial terminology

4. Appointment and Authority: Formal appointment of the manager and scope of discretionary authority

5. Services: Detailed description of investment management services to be provided

6. Investment Objectives and Strategy: Agreed investment objectives, risk profile, and investment strategy

7. Investment Restrictions: Limitations and restrictions on investment activities

8. Custody Arrangements: Details of custody arrangements for client assets

9. Fees and Expenses: Management fees, performance fees, and other charges

10. Reporting and Valuations: Frequency and content of reports, valuation methodology

11. Client Representations and Warranties: Client confirmations regarding their status, authority, and understanding

12. Manager Representations and Warranties: Manager confirmations regarding licenses, capabilities, and compliance

13. Compliance and Anti-Money Laundering: Regulatory compliance obligations and AML requirements

14. Confidentiality: Protection and handling of confidential information

15. Term and Termination: Duration of agreement and termination provisions

16. Liability and Indemnification: Extent of manager's liability and mutual indemnification provisions

17. Governing Law and Jurisdiction: Qatar law as governing law and jurisdiction provisions

18. Notices: Method and addresses for formal communications

19. General Provisions: Standard boilerplate clauses including amendments, assignment, and severability