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Real Estate Development Joint Venture Term Sheet
"I need a Real Estate Development Joint Venture Term Sheet for a mixed-use development project in Dubai Marina between our local UAE development company and a Singapore-based investor, with planned construction starting March 2025 and including retail, residential, and hotel components."
1. Parties: Identification of the JV partners, including full legal names, registration details, and addresses
2. Background: Context of the proposed development project and brief description of each party's expertise and role
3. Definitions: Key terms used throughout the term sheet
4. Project Description: Detailed description of the development project, including location, scale, and type of development
5. Joint Venture Structure: Proposed legal structure, ownership percentages, and governance framework
6. Capital Contributions: Details of initial and future capital contributions from each party, including land, cash, and other assets
7. Development Rights: Rights and responsibilities regarding the development of the property
8. Profit Sharing: Framework for distribution of profits and losses
9. Management Structure: Overview of management roles, decision-making processes, and voting rights
10. Key Milestones: Critical project timeline and development milestones
11. Regulatory Compliance: Key regulatory requirements and responsibility for obtaining necessary approvals
12. Confidentiality: Terms regarding confidential information and publicity
13. Exclusivity: Period and terms of exclusive negotiations
14. Binding Effect: Clarification of which terms are binding and non-binding
1. Pre-Development Phase: Include when the project requires significant pre-development activities such as feasibility studies or land acquisition
2. Financing Structure: Include when external financing is contemplated as part of the development strategy
3. Exit Mechanisms: Include when parties want to address potential exit scenarios at the term sheet stage
4. Property Management: Include when the JV will also manage the completed development
5. Marketing Rights: Include when specific arrangements for marketing and sales need to be addressed early
6. Intellectual Property: Include when the development involves significant branding or IP elements
7. Environmental Considerations: Include when the project has significant environmental impacts or requirements
8. Force Majeure: Include when parties want to address major risk events at the term sheet stage
1. Schedule 1 - Property Details: Legal description of the development land, including title details and encumbrances
2. Schedule 2 - Initial Business Plan: High-level business plan including development concept and financial projections
3. Schedule 3 - Capital Contribution Schedule: Detailed breakdown of each party's capital contributions and timing
4. Schedule 4 - Project Timeline: Key dates and milestones for the development project
5. Schedule 5 - Required Approvals: List of required regulatory approvals and permits
6. Appendix A - Site Plans: Preliminary architectural plans and renderings
7. Appendix B - Financial Model Summary: Key assumptions and outputs from the financial model
8. Appendix C - Corporate Structure Chart: Proposed ownership and corporate structure diagram
Authors
Applicable Laws
Authority Approvals
Business Day
Business Plan
Capital Contribution
Completion Date
Confidential Information
Construction Contract
Construction Phase
Development
Development Costs
Development Period
Development Property
Development Rights
DIFC
Effective Date
Environmental Laws
Escrow Account
Force Majeure Event
Governing Law
Initial Business Plan
Joint Venture
Joint Venture Company
JV Partners
Key Milestones
Land
Land Department
Local Authority
Management Committee
Master Developer
Master Plan
Material Adverse Change
MOCD
Municipality
Net Profit
Off-Plan Sales
Ownership Interest
Parties
Permits
Phase
Project
Project Manager
Property
RERA
Reserved Matters
Share Capital
Shareholder
Site
Subscription Amount
Term
Term Sheet
Territory
UAE
UAE Dirham
Works
Recitals
Definitions
Project Scope
Joint Venture Structure
Capital Structure
Ownership
Land Contribution
Development Rights
Capital Contributions
Funding Obligations
Management Structure
Decision Making
Reserved Matters
Development Obligations
Construction Management
Profit Distribution
Loss Sharing
Transfer Restrictions
Exit Rights
Project Timeline
Development Milestones
Regulatory Compliance
Environmental Compliance
Health and Safety
Insurance
Intellectual Property
Confidentiality
Exclusivity
Due Diligence
Conditions Precedent
Term and Termination
Force Majeure
Dispute Resolution
Governing Law
Binding Effect
Costs
Notices
Language
Execution
Real Estate
Construction
Infrastructure
Hospitality
Retail
Commercial Property
Residential Property
Mixed-use Development
Tourism
Industrial Development
Logistics
Urban Planning
Legal
Real Estate
Development
Investment
Finance
Commercial
Construction
Business Development
Strategy
Corporate Development
Mergers & Acquisitions
Project Management
Risk Management
Chief Executive Officer
Chief Investment Officer
Development Director
Real Estate Director
Head of Legal
Project Director
Investment Manager
Commercial Director
Joint Venture Manager
Business Development Director
Chief Financial Officer
Construction Director
General Counsel
Senior Legal Counsel
Development Manager
Real Estate Investment Manager
Head of Real Estate
Managing Director
Partnership Director
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