Page 148 - The Persian Gulf Historical Summaries (1907-1953) Vol III_Neat

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Article 24
The Company may terminate this Agreement at any time after the expiration
of three years from the commencement of operations by giving six months previous
notice in writing, provided that nothing in this Article contained shall prevent the
Company from terminating this Agreement before the expiration of the said three
years with the consent of the Sheikh in which event one of the conditions that will
be imposed by the Sheikh will be that the provisions of Article 25 (e) shall apply.

Article 25
On termination of this Agreement, as provided under Article 24 or upon expiry
thereof, both the Sheikh and the Company shall be entirely free from any further
obligations hereunder except that:
(a) the Company shall pay all amounts due or that have accrued due by it to
the Sheikh hereunder up to the actual date of termination.
(b) The immovable properties of the Company in the Concession Area or
elsewhere in Qatar, such as roads, water and oil wells, and their casing,
permanent buildings and erections, shall become the property of the
Sheikh free of charge.
(c) If the termination of the Agreement takes place before the expiry of ten
years from the date of signature, the movable properties of the Company
in the Concession Area or elsewhere in Qatar shall be offered to the
Sheikh to purchase at a price to be agreed with the Company provided
that if no agreement as to price has been reached within six months of
the date of termination of this Agreement the Sheikh shall be deemed
to have decided not to purchase them. If the Sheikh does not desire
to purchase such movable properties the Company shall have a period
of six months from the date on which the Sheikh declines or is deemed
to have declined to purchase them within which to remove them, and if
not removed in that period they shall become the property of the
Sheikh free of charge.
(d) If the termination of this Agreement takes place after the expiry of ten
years and before the expiry of thirty-five years from the date of signature
the provisions of clause (c) of this Article shall apply but the price to
be agreed shall be based on the written down value at which such
movables stand in the books of account of the Company in Qatar, and
their condition and serviceability shall also be taken into consideration.
(e) If the termination of this Agreement takes place after the expiry of
35 years from the date of signature all the movable properties of the
Company in the Concession Area or elsewhere in Qatar shall become
the property of the Sheikh free of charge.

Article 26
1. The Sheikh agrees that the Company may assign all its rights, privileges
and obligations under this Agreement to a company incorporated for the purpose
of operating this Concession and shall inform the Sheikh if it does so, but the
Company shall not otherwise assign such rights, privileges and obligations except
with the approval of the Sheikh which approval shall not be unreasonably withheld
if the assignee company is able and willing specifically to assume all these same
rights, privileges and obligations under this Agreement.
2. The Company is authorised to form or use such other Companies as it
may deem necessary to perform ancillary operations hereunder, and in respect of
such ancillary operations such other companies shall enjoy the same rights and
privileges as the Company has in respect thereof under this Agreement.
* 3 In delegating or subcontracting its ancillary operations in Qatar to other
persons or companies -the Company shall give preference to such persons or
companies in Qatar as can efficiently perform such operations at reasonably com­
petitive cost and shall so delegate or subcontract only to such persons or companies
1 permitted by the Sheikh to operate in Qatar.
as are
Article 27
, Failure on the part of the Company to fulfil any obligations under this
Agreement shall not give the Sheikh any claim against the Company or be deemed