Document background
The Membership Interest Purchase Agreement (MIPA) is a crucial document used in Qatar for transferring ownership interests in companies, particularly in limited liability companies (LLCs) and other business entities. It is essential when shareholders or members wish to sell their stake in a company, whether partially or entirely. The agreement must be structured in accordance with Qatar's legal framework, including the Commercial Companies Law, Civil Code, and where applicable, foreign investment regulations. The document typically includes detailed provisions on purchase price, payment terms, representations and warranties, conditions precedent to closing, and post-closing covenants. It also addresses specific Qatar law requirements such as government approvals, commercial registration procedures, and compliance with local business practices. This agreement type is particularly important given Qatar's growing business environment and increasing foreign investment, requiring careful attention to both local legal requirements and international business standards.
