Document background
The Term Sheet Share Purchase Agreement is a crucial preliminary document used in Qatar to establish the framework for share acquisition transactions. It serves as a roadmap for the detailed documentation that follows, typically used after initial commercial terms are agreed but before comprehensive due diligence and detailed documentation begin. This document type is particularly important in Qatar's business environment, where foreign investment regulations and local corporate law requirements must be carefully considered. The term sheet captures key commercial terms including price, payment structure, conditions precedent, and timeline, while usually maintaining non-binding status for most provisions except confidentiality and exclusivity. It's especially relevant for both domestic and cross-border transactions, requiring careful consideration of Qatar's Commercial Companies Law and foreign investment restrictions.
