The Simple Share Purchase Agreement is a fundamental transaction document used in Qatar for implementing the sale and transfer of shares from one party to another. This document is particularly suitable for straightforward share transfers where the transaction structure is uncomplicated and the parties require a clear, concise agreement that complies with Qatar law. The agreement encompasses key provisions required under the Qatar Commercial Companies Law No. 11 of 2015 and related regulations, including share transfer mechanics, basic warranties, and completion requirements. It is commonly used for private company transactions, whether for complete or partial stake sales, and can be adapted for both individual and corporate sellers and purchasers. The document provides a balanced framework that protects both parties' interests while ensuring the transaction can be properly registered and recognized under Qatar law.
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1. Parties: Identification of the Seller and Purchaser, including full legal names and registration details as required under Qatar law
2. Background: Brief description of the Company, the Shares being sold, and the parties' intention to enter into the transaction
3. Definitions and Interpretation: Key defined terms and interpretation rules used throughout the agreement
4. Sale and Purchase: Core transaction terms including the number of shares being sold and purchase price
5. Purchase Price and Payment: Details of the consideration and payment mechanics
6. Completion: Timing and mechanics of completion, including required actions and deliverables
7. Seller's Warranties: Basic warranties regarding share ownership, authority to sell, and company status
8. Purchaser's Warranties: Basic warranties regarding authority to purchase and financial capacity
9. Confidentiality: Obligations regarding transaction confidentiality and company information
10. Notices: Process for formal communications between parties
11. Governing Law and Jurisdiction: Confirmation of Qatar law as governing law and jurisdiction for disputes
12. General Provisions: Standard boilerplate provisions including entire agreement, amendments, and counterparts
1. Conditions Precedent: Used when completion is subject to specific conditions such as regulatory approvals or third-party consents
2. Pre-Completion Obligations: Include when there will be a gap between signing and completion requiring specific conduct obligations
3. Post-Completion Obligations: Used when parties need to take specific actions after completion
4. Tax Covenants: Include for transactions where specific tax arrangements or indemnities are required
5. Non-Competition: Used when seller restrictions are required post-completion
6. Break Fee: Include when parties want to specify compensation for transaction failure
7. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
1. Details of the Company: Company registration information, share capital structure, and other corporate details
2. Details of the Shares: Specific description of shares being transferred including share certificate numbers
3. Completion Deliverables: List of documents and actions required at completion
4. Form of Share Transfer Instrument: Template for the share transfer documentation required under Qatar law
5. Warranties: Detailed warranties where these are extensive enough to warrant a separate schedule
6. Corporate Documents: Copies of key corporate documents and certificates required for the transfer
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Simple Share Purchase Agreement
A Qatar law-governed agreement for the sale and purchase of shares, incorporating essential transaction terms and local law requirements.
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