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The General Security Agreement serves as a fundamental document in Qatar's secured financing landscape, used when a party needs to create security interests over assets to secure financial or other obligations. This document type is particularly important in Qatar's developing economy, where significant infrastructure and commercial projects require secure financing arrangements. The agreement must comply with Qatar's Civil Code (Law No. 22 of 2004) and Commercial Code (Law No. 27 of 2006), while potentially incorporating Islamic finance principles. It includes detailed provisions for the creation, perfection, and enforcement of security interests, considering Qatar's specific registration requirements and enforcement mechanisms. The document is commonly used in both conventional and Islamic financing structures, requiring careful attention to local law requirements and market practices.

1. Parties: Identification of the security provider (grantor) and security taker (secured party)

2. Background: Context of the security arrangement and reference to underlying obligations

3. Definitions and Interpretation: Comprehensive definitions of terms used and interpretation rules

4. Grant of Security Interest: Core provision creating the security interest over the specified assets

5. Secured Obligations: Definition and scope of the obligations being secured

6. Representations and Warranties: Grantor's statements regarding ownership, authority, and status of collateral

7. Perfection Requirements: Actions required to perfect the security interest under Qatar law

8. Covenants: Ongoing obligations of the grantor regarding the secured assets

9. Further Assurance: Obligation to execute additional documents and take necessary actions

10. Enforcement: Rights and remedies upon default, compliant with Qatar law

11. Power of Attorney: Appointment of the secured party as attorney for perfection/enforcement

12. Payments and Application: Rules for applying proceeds and payments

13. Indemnities: Grantor's indemnification obligations

14. Amendments and Waivers: Provisions for modifying the agreement and effect of waivers

15. Assignments and Transfers: Rules for transferring rights under the agreement

16. Notices: Communication requirements and methods

17. Governing Law and Jurisdiction: Confirmation of Qatar law governance and jurisdiction