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The Restaurant Asset Purchase Agreement is a crucial document used when transferring ownership of restaurant assets in Qatar. It is specifically designed to comply with Qatar's commercial laws, food safety regulations, and business transfer requirements. This agreement is essential when a restaurant owner wishes to sell their business assets without transferring the entire corporate entity. The document covers all aspects of the transaction, including detailed inventories of physical assets, transfer of licenses and permits, handling of existing staff contracts, and compliance with Qatar's food establishment regulations. It's particularly important that the agreement addresses specific requirements under Qatar's Law No. 4 of 1985 Regarding Health Requirements for Food Establishments and related regulations. The agreement should be used when there's a need to clearly define the scope of assets being transferred, establish payment terms, and allocate liabilities between parties in the context of a restaurant business transfer.

1. Parties: Identification of the Seller and Buyer, including full legal names, registration details, and addresses

2. Background: Context of the transaction, brief description of the restaurant business, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement, including Assets, Closing Date, Purchase Price, etc.

4. Sale and Purchase of Assets: Details of assets being sold, including equipment, inventory, intellectual property, and other restaurant-specific assets

5. Purchase Price and Payment Terms: Purchase price, payment structure, deposits, adjustments, and payment mechanisms

6. Closing: Closing date, conditions precedent, closing deliverables, and transfer procedures

7. Seller's Representations and Warranties: Warranties regarding ownership, condition of assets, licenses, permits, compliance with laws, food safety standards, etc.

8. Buyer's Representations and Warranties: Warranties regarding legal capacity, authority, and ability to complete the transaction

9. Pre-Closing Covenants: Obligations of parties before closing, including business operation, maintenance of assets, and inventory management

10. Post-Closing Covenants: Ongoing obligations after closing, including transition assistance and non-compete provisions

11. Employees: Treatment of existing employees, transfer of employment contracts, and related obligations

12. Licenses and Permits: Transfer or reissuance of necessary restaurant operations licenses and permits

13. Indemnification: Indemnification obligations of both parties

14. Termination: Circumstances allowing termination and consequences thereof

15. Governing Law and Jurisdiction: Qatar law as governing law and jurisdiction for disputes

16. General Provisions: Standard provisions including notices, amendments, assignment, and entire agreement