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Partnership Deed Online Template for Qatar

A Partnership Deed Online is a legally binding document under Qatari law that establishes and governs the relationship between two or more partners in a business venture. This document, governed by Qatar's Commercial Companies Law No. 11 of 2015 and Electronic Commerce Law No. 16 of 2010, outlines the essential terms of partnership including capital contributions, profit-sharing ratios, management responsibilities, and operational procedures. It serves as the foundational agreement for partnerships in Qatar, incorporating both traditional partnership principles and modern electronic documentation requirements while ensuring compliance with Islamic law principles where applicable.

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What is a Partnership Deed Online?

The Partnership Deed Online is a fundamental legal document used in Qatar when two or more parties wish to formalize their business partnership. This document type has evolved to meet modern business needs while maintaining compliance with Qatar's legal framework, particularly the Commercial Companies Law No. 11 of 2015 and electronic commerce regulations. The deed serves multiple purposes: it establishes the partnership's legal existence, defines partners' rights and obligations, outlines operational procedures, and provides mechanisms for dispute resolution. The online format makes it accessible and efficient while maintaining legal validity under Qatari law. This document is essential for partnerships ranging from small businesses to large professional services firms, and must include specific provisions required by Qatari authorities for partnership registration. The Partnership Deed Online must be prepared in both Arabic and English, with the Arabic version prevailing in case of disputes.

What sections should be included in a Partnership Deed Online?

1. Parties: Identifies all partners with their full legal names, nationalities, Qatar ID numbers, and addresses

2. Background: Sets out the context of the partnership formation and partners' intention to enter into business together

3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty

4. Partnership Name and Business: Specifies the partnership's trading name and detailed description of business activities

5. Term and Commencement: States when the partnership begins and its duration (fixed term or indefinite)

6. Capital Contribution: Details the initial capital contributed by each partner, including cash, assets, or services

7. Profit and Loss Sharing: Specifies the ratio or method of distributing profits and losses among partners

8. Management and Decision Making: Outlines management structure, voting rights, and decision-making processes

9. Banking and Finance: Details banking arrangements and financial management procedures

10. Partners' Duties and Obligations: Lists the responsibilities and obligations of all partners

11. Restrictions on Partners: Specifies limitations on partners' activities, including non-compete provisions

12. Accounts and Records: States requirements for maintaining partnership accounts and records

13. Termination: Details circumstances and procedures for partnership termination

14. Governing Law and Jurisdiction: Confirms Qatar law governance and jurisdiction for disputes

15. Execution: Formal execution block for partners' signatures and witnessing

What sections are optional to include in a Partnership Deed Online?

1. Intellectual Property Rights: Required when the partnership owns or develops intellectual property

2. Islamic Finance Compliance: Needed when partnership activities must explicitly comply with Shariah principles

3. Foreign Investment Provisions: Required when any partner is non-Qatari

4. Digital Operations: Needed when partnership conducts significant online business

5. Employee Management: Required when partnership will have employees

6. Branch Offices: Needed when partnership plans to operate multiple locations

7. Dispute Resolution: Optional detailed procedures for resolving internal disputes

8. Insurance: Required when specific insurance coverage is mandatory for the business type

What schedules should be included in a Partnership Deed Online?

1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuations of non-cash assets

2. Schedule 2 - Business Plan: Initial business plan and projected financials

3. Schedule 3 - Property Details: Details of any property owned or leased by the partnership

4. Schedule 4 - Partner Information: Detailed partner information including contact details and appointed representatives

5. Schedule 5 - Banking Arrangements: Details of bank accounts and authorized signatories

6. Appendix A - Required Licenses: Copies of all required business licenses and permits

7. Appendix B - Partnership Policies: Internal policies and procedures for partnership operation

8. Appendix C - Asset Register: Detailed list of partnership assets and their values

Authors

Alex Denne

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

Jurisdiction

Qatar

Publisher

Ƶ

Document Type

Online Agreement

Cost

Free to use

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