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Partnership Deed Form Template for Qatar

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Key Requirements PROMPT example:

Partnership Deed Form

"I need a Partnership Deed Form for a new technology consulting firm in Qatar with three partners (two local and one international), starting operations in March 2025, with specific provisions for intellectual property rights and profit sharing based on capital contribution."

Document background
The Partnership Deed Form is a crucial legal document used in Qatar when two or more parties wish to formalize their business relationship and establish a partnership entity. This document is essential for compliance with Qatar's Commercial Companies Law No. 11 of 2015 and must be executed before commencing partnership operations. The deed comprehensively covers all aspects of the partnership, including capital contributions, profit-sharing ratios, management structure, partner obligations, and dissolution procedures. It serves as both a regulatory requirement and a practical framework for partnership operations, providing clarity and legal protection for all involved parties. The document must be prepared in Arabic (with optional English translation) and requires notarization by Qatar authorities.
Suggested Sections

1. Parties: Details of all partners entering into the partnership, including full legal names, addresses, and nationality

2. Background: Context of the partnership formation and brief description of partners' intention to enter into business together

3. Definitions: Definitions of key terms used throughout the deed

4. Partnership Name and Business: Official name of the partnership and detailed description of its business activities

5. Term and Commencement: Duration of the partnership and its commencement date

6. Capital Contribution: Details of initial capital contributions from each partner and the total partnership capital

7. Profit and Loss Sharing: Ratio and method of distributing profits and losses among partners

8. Management and Decision Making: Management structure, voting rights, and decision-making processes

9. Banking and Finance: Banking arrangements and financial management procedures

10. Partner Duties and Obligations: Rights, responsibilities, and obligations of all partners

11. Meetings and Records: Procedures for partnership meetings and maintenance of records

12. Restrictions on Partners: Non-compete and other restrictive covenants

13. Dissolution and Termination: Circumstances and procedures for partnership dissolution

14. Governing Law and Jurisdiction: Confirmation of Qatar law governance and jurisdiction

Optional Sections

1. Intellectual Property Rights: Required when the partnership involves creation or use of intellectual property

2. Foreign Investment Provisions: Needed when one or more partners are non-Qatari nationals

3. Shariah Compliance: Required when partners wish to explicitly ensure compliance with Islamic principles

4. Special Partner Rights: Used when certain partners have special rights or responsibilities

5. Succession Planning: Required when partners want to establish clear succession rules

6. Dispute Resolution: Optional detailed procedures for resolving internal disputes

7. Insurance: Required when specific insurance arrangements need to be documented

Suggested Schedules

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuations of non-cash assets

2. Schedule 2: Profit Sharing Ratios: Detailed calculations and scenarios for profit and loss distribution

3. Schedule 3: Business Plan: Initial business plan and projections

4. Schedule 4: Property Details: Details of any property owned or leased by the partnership

5. Schedule 5: Partner Contact Information: Complete contact details and correspondence addresses of all partners

6. Appendix A: Partnership Procedures: Detailed operational procedures and policies

7. Appendix B: Required Licenses: Copies or details of all required business licenses and permits

8. Appendix C: Banking Mandates: Banking arrangements and authorized signatory details

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Teams

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Chief Executive Officer

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