Document background
The Pre Purchase Agreement is a crucial document in Qatar's commercial and real estate landscape, used when parties wish to formalize their commitment to a future purchase transaction while allowing time for due diligence, financing arrangements, and satisfaction of conditions precedent. This document type is particularly relevant in Qatar's rapidly developing market, where complex transactions often require careful structuring and preliminary commitments. The agreement must comply with Qatar's civil law system and consider Sharia principles, particularly regarding payment structures and interest provisions. It typically precedes the final purchase agreement and provides essential protections for both parties during the interim period, including provisions for deposits, due diligence requirements, and completion conditions. The document is commonly used in real estate developments, asset acquisitions, and major commercial transactions within Qatar's jurisdiction.
