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The Joint Venture Agreement Form is a crucial document used when two or more entities wish to establish a collaborative business venture in Qatar. This agreement is essential for structuring business partnerships in compliance with Qatar's legal framework, particularly the Commercial Companies Law (Law No. 11 of 2015) and Foreign Investment Law (Law No. 1 of 2019). The document addresses key aspects such as capital contributions, ownership structure, management control, profit sharing, and operational procedures. It is particularly important in contexts where foreign companies seek to enter the Qatari market, often requiring collaboration with local partners to comply with foreign ownership restrictions. The agreement provides a comprehensive framework for the joint venture's establishment, operation, and potential dissolution, while ensuring alignment with Qatar's regulatory requirements and business practices.

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

2. Background: Context of the joint venture, including the parties' expertise and reasons for collaboration

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation

4. Joint Venture Establishment: Legal structure, name, and purpose of the joint venture entity

5. Capital Contributions: Details of initial and future capital contributions, including valuation of non-cash contributions

6. Ownership and Shareholding: Shareholding percentages, share classes, and ownership restrictions

7. Management Structure: Board composition, appointment rights, voting requirements, and management responsibilities

8. Business Operations: Scope of business activities, business plan, and operational procedures

9. Financial Matters: Financial management, accounting principles, dividend policy, and funding requirements

10. Decision Making: Reserved matters, voting thresholds, and decision-making processes

11. Transfer of Shares: Share transfer restrictions, right of first refusal, tag-along and drag-along rights

12. Deadlock Resolution: Procedures for resolving management deadlocks

13. Non-Competition and Confidentiality: Non-compete obligations and protection of confidential information

14. Term and Termination: Duration of the agreement and grounds for termination

15. Exit Mechanisms: Procedures for party exit, including buy-out provisions and valuation mechanisms

16. Governing Law and Dispute Resolution: Choice of Qatar law and dispute resolution procedures

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