Document background
The Seller Financed Purchase Agreement is primarily used in Qatar when traditional banking finance is either not preferred or unavailable, allowing the seller to finance the buyer's purchase of assets. This arrangement is particularly common in various commercial sectors and real estate transactions within Qatar's jurisdiction. The document must comply with Qatar's Civil Code, Commercial Code, and where applicable, Sharia principles, particularly regarding the structuring of payment terms. It includes comprehensive details about the asset being sold, purchase price, payment schedule, security arrangements, and the rights and obligations of both parties throughout the financing period. This type of agreement is especially valuable in Qatar's business environment where seller financing can provide more flexible terms and expedited transaction completion compared to traditional banking arrangements.
