¶¶Òõ¶ÌÊÓƵ

The Non Competition Agreement Sale Of Business is a crucial document in Qatar's business transaction landscape, typically executed alongside or following a business sale agreement. It is essential when a business is being transferred to new ownership and there's a need to protect the purchased business's goodwill, customer relationships, and confidential information. The agreement must comply with Qatar's legal framework, particularly the Commercial Civil Code and Competition Law, ensuring that restrictions are reasonable and enforceable. This document is commonly used in various scenarios including full business acquisitions, partial stake sales, and franchise territory transfers. It includes specific provisions about restricted activities, geographical limitations, duration of restrictions, and remedies for breach, all tailored to Qatar's legal requirements and business practices.

1. Parties: Identification of the seller (covenantor) and buyer (covenantee), including full legal names and addresses

2. Background: Context of the agreement, reference to the main business sale transaction, and purpose of the non-compete provisions

3. Definitions: Key terms including Business, Restricted Business, Territory, Restricted Period, Confidential Information, and other relevant definitions

4. Non-Compete Obligations: Core restrictions on competitive activities, including specific prohibited actions and business activities

5. Duration and Territory: Specific timeframe and geographical scope of the restrictions, ensuring compliance with Qatar law regarding reasonable limitations

6. Confidentiality Obligations: Provisions protecting confidential information, trade secrets, and business know-how

7. Non-Solicitation: Restrictions on soliciting employees, customers, suppliers, and other business relationships

8. Consideration: Specific consideration for the non-compete obligations, typically referencing the purchase price allocation from the business sale

9. Exceptions and Permitted Activities: Clear outline of activities that are permitted despite the general restrictions

10. Enforcement and Remedies: Rights and remedies in case of breach, including injunctive relief and damages

11. Assignment and Succession: Rights to assign the agreement and obligations of successors

12. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes

13. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments