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The Partnership Contract Agreement is a fundamental legal instrument used in Qatar to establish formal business partnerships under the jurisdiction's Commercial Companies Law (Law No. 11 of 2015). This document is essential when two or more parties wish to combine their resources, expertise, or capital to conduct business together in Qatar. It provides a comprehensive framework covering capital contributions, profit-sharing mechanisms, management structures, and partner obligations. The agreement must comply with Qatar's legal requirements, including foreign investment restrictions and local partnership quotas where applicable. It's particularly relevant for new business ventures, professional service firms, family businesses, and joint ventures operating in Qatar, offering protection and clarity for all parties involved while ensuring compliance with local regulations and commercial practices.

1. Parties: Identifies all partners, including full legal names, addresses, and nationality details as required by Qatar law

2. Background: Sets out the context of the partnership formation and partners' intention to establish the business

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules

4. Partnership Formation and Term: Establishes the partnership's legal formation, commencement date, and duration

5. Business Purpose and Scope: Defines the partnership's business activities and operational scope

6. Capital Contributions: Details initial and any subsequent capital contributions from each partner

7. Profit and Loss Distribution: Specifies how profits and losses will be shared among partners

8. Management and Control: Outlines management structure, partner roles, and decision-making processes

9. Partner Rights and Obligations: Details partners' rights, duties, and responsibilities

10. Banking and Financial Matters: Specifies banking arrangements and financial management procedures

11. Records and Accounts: Sets requirements for maintaining partnership records and accounting practices

12. Transfer of Partnership Interest: Governs the transfer of partnership interests and admission of new partners

13. Termination and Dissolution: Specifies grounds and procedures for partnership termination and dissolution

14. Governing Law and Jurisdiction: Confirms Qatar law as governing law and specifies jurisdiction for disputes

15. General Provisions: Includes standard clauses like notices, amendments, and severability