Three Way Partnership Agreement Template for Qatar

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Key Requirements PROMPT example:

Three Way Partnership Agreement

"I need a Three Way Partnership Agreement under Qatar law for a joint venture between our tech company, a local Qatari investor, and an international software development firm, with operations starting March 2025, focusing on AI development and local market distribution."

Document background
The Three Way Partnership Agreement is a crucial document used when three entities wish to formalize their collaboration under Qatar law. It is particularly relevant for complex business ventures requiring diverse expertise, capital, or market access. The agreement must comply with Qatar's Commercial Companies Law No. 11 of 2015, Foreign Investment Law No. 1 of 2019, and other relevant regulations, including Sharia principles. It typically details capital contributions, profit-sharing arrangements, management responsibilities, operational procedures, and exit mechanisms. This document is essential for ventures involving local and international partners, especially in strategic sectors where Qatar encourages foreign investment while maintaining local participation.
Suggested Sections

1. Parties: Detailed identification of all three partners, including full legal names, registration details, and addresses

2. Background: Context of the partnership formation, business objectives, and any relevant historical relationships between the parties

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Partnership Formation and Term: Official establishment of the partnership, commencement date, and duration

5. Business of the Partnership: Detailed description of the partnership's business scope and objectives

6. Capital Contributions: Details of initial and any subsequent capital contributions from each partner

7. Ownership and Profit Sharing: Partnership interests, profit/loss allocation, and distribution policies

8. Management and Control: Management structure, voting rights, and decision-making processes

9. Partners' Rights and Obligations: Detailed responsibilities and rights of each partner

10. Financial Management: Banking, accounting practices, financial reporting, and audit requirements

11. Transfer of Partnership Interests: Rules regarding transfer of ownership interests and restrictions

12. Non-Competition and Confidentiality: Restrictions on competitive activities and protection of partnership information

13. Default and Remedies: Events of default and corresponding remedies

14. Termination: Grounds for termination and process

15. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law

16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Required when the partnership involves creation or use of intellectual property

2. Employee Matters: Needed when the partnership will have employees, covering hiring policies and management

3. Islamic Finance Compliance: Required for partnerships involving financial services or significant financing arrangements

4. Environmental Compliance: Necessary for partnerships in industries with environmental impact

5. Technology and Data Protection: Required when the partnership involves significant IT systems or personal data processing

6. Foreign Investment Provisions: Needed when any partner is a foreign entity

7. Government Approvals: Required for regulated industries or strategic sectors

8. Insurance Requirements: Detailed insurance obligations when business activities require specific coverage

Suggested Schedules

1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions

2. Schedule 2 - Business Plan: Initial business plan and strategic objectives

3. Schedule 3 - Management Structure: Detailed organizational structure and management procedures

4. Schedule 4 - Reserved Matters: List of decisions requiring special approval or unanimous consent

5. Schedule 5 - Accounting Principles: Agreed accounting policies and procedures

6. Schedule 6 - Key Performance Indicators: Metrics for measuring partnership performance

7. Schedule 7 - Intellectual Property: List of IP assets and ownership details

8. Schedule 8 - Required Consents and Licenses: List of regulatory approvals and licenses required

9. Appendix A - Partner Contact Details: Official contact information for notices and communications

10. Appendix B - Form of Partner Resolution: Template for partner resolutions and voting procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Oil & Gas

Construction & Real Estate

Technology & Innovation

Financial Services

Healthcare

Education

Hospitality & Tourism

Manufacturing

Professional Services

Infrastructure Development

Telecommunications

Retail & Consumer Goods

Sports & Entertainment

Transportation & Logistics

Relevant Teams

Legal

Finance

Corporate Development

Strategy

Operations

Compliance

Risk Management

Business Development

Corporate Secretariat

Investment

International Relations

Commercial Operations

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Chief Financial Officer

Business Development Director

Operations Manager

Partnership Manager

Investment Director

Compliance Officer

Strategy Director

Corporate Secretary

Risk Manager

Project Director

Commercial Director

Board Member

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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