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The Membership Interest Sales Agreement is a crucial document used in Qatar for transferring ownership interests in companies. It is particularly relevant in the context of Qatar's dynamic business environment and must comply with local laws including the Qatar Commercial Companies Law No. 11 of 2015 and related regulations. This agreement is essential when shareholders or members wish to sell their interests in a Qatar-based company, whether wholly or partially. It contains detailed provisions covering the sale terms, warranties, regulatory compliance requirements, and completion mechanics. The document must address specific Qatar law requirements, including foreign ownership restrictions, commercial registration procedures, and potentially Sharia compliance considerations. It's commonly used in corporate restructurings, exit strategies, and investment transactions within Qatar's business landscape.

1. Parties: Identification of the Seller(s) and Buyer(s), including full legal names, registration details, and addresses as required under Qatar law

2. Background: Context of the transaction, description of the target company, and current ownership structure

3. Definitions: Defined terms used throughout the agreement, including specific Qatar law terminology where relevant

4. Sale and Purchase: Core transaction terms, including description of membership interests being sold and purchase price

5. Purchase Price and Payment: Detailed payment terms, including payment method, currency, and any adjustments

6. Completion: Closing mechanics, timing, and deliverables required under Qatar law

7. Seller's Representations and Warranties: Standard and Qatar-specific warranties regarding ownership, authority, and company status

8. Buyer's Representations and Warranties: Warranties regarding authority, funding sources, and compliance with Qatar laws

9. Pre-Completion Obligations: Parties' obligations between signing and closing, including regulatory approvals

10. Post-Completion Obligations: Actions required after closing, including registrations with Qatar authorities

11. Indemnification: Indemnity provisions compliant with Qatar law principles

12. Confidentiality: Confidentiality obligations and permitted disclosures

13. Notices: Communication procedures between parties

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

15. General Provisions: Standard boilerplate provisions adapted to Qatar law requirements