Joint Venture Agreement (Real Estate) Template for Denmark

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Joint Venture Agreement (Real Estate)

Document background
The Joint Venture Agreement (Real Estate) is a crucial document used when two or more parties wish to collaborate on real estate ventures in Denmark, whether for development, investment, or management purposes. It is particularly relevant in the Danish market where joint ventures are common for large-scale property projects due to capital requirements and risk sharing needs. The agreement encompasses essential elements required under Danish law, including corporate structure, property rights, financial contributions, and governance mechanisms. It addresses specific considerations of the Danish real estate market, such as compliance with local planning laws, environmental regulations, and property registration requirements. This document is typically used for significant property developments, portfolio acquisitions, or long-term real estate investment partnerships where parties need a clear framework for their collaboration while ensuring compliance with Danish legal requirements.
Suggested Sections

1. Parties: Identification of the JV partners and their legal details

2. Background: Context of the JV formation and partners' objectives

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

4. Formation of the Joint Venture: Legal structure, name, and purpose of the JV entity

5. Capital Contributions and Financing: Details of initial and future contributions, including property assets and funding commitments

6. Property Specific Provisions: Details about the real estate assets, development plans, and property management

7. Business Plan and Budget: Agreed business strategy, development timeline, and financial projections

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

9. Reserved Matters: Decisions requiring unanimous or special majority approval

10. Properties and Assets: Management and disposal of JV properties and other assets

11. Distribution Policy: Profit sharing, dividend policy, and distribution mechanisms

12. Transfer of Interests: Rules regarding transfer of JV interests and right of first refusal

13. Default: Events of default and consequences

14. Termination: Circumstances and procedures for terminating the JV

15. Confidentiality: Protection of confidential information and trade secrets

16. Governing Law and Jurisdiction: Confirmation of Danish law application and dispute resolution mechanisms

Optional Sections

1. Development Management: Include when the JV involves property development activities

2. Property Management: Include when the JV will manage rental properties

3. Environmental Matters: Include detailed environmental provisions for brownfield sites or environmentally sensitive properties

4. Intellectual Property: Include when the JV involves branded properties or proprietary development methods

5. Employment Matters: Include when the JV will have direct employees

6. Tax Matters: Include detailed tax provisions for complex property holding structures

7. Anti-corruption Compliance: Include for international partners or public sector involvement

8. Force Majeure: Include specific force majeure provisions for development projects

Suggested Schedules

1. Property Schedule: Details of all properties contributed to or owned by the JV

2. Capital Contributions Schedule: Detailed breakdown of each partner's contributions

3. Business Plan: Detailed initial business plan and development strategy

4. Management Structure: Organizational chart and management responsibilities

5. Reserved Matters List: Comprehensive list of decisions requiring special approval

6. Service Level Agreement: Standards for property/development management services

7. Form of Shareholder Loan Agreement: Template for any shareholder financing

8. Property Management Agreement: Terms for ongoing property management

9. Development Management Agreement: Terms for development management services

10. Initial Budget: Detailed financial projections and budgets

11. Transfer Procedures: Detailed procedures for interest transfers

12. Valuation Methodology: Agreed methods for property and interest valuations

Authors

Relevant legal definitions
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Relevant Industries
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Relevant Roles
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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