The Joint Venture Agreement Between Builder And Landowner is essential when a landowner wishes to develop their property but lacks construction expertise, while a builder seeks development opportunities without having to purchase land outright. This agreement, governed by English and Welsh law, combines the landowner's property asset with the builder's development expertise. It typically includes provisions for profit sharing, development plans, construction timelines, risk allocation, and management structure. The document is particularly relevant in the current UK property market where land values and construction costs make traditional development models less viable.
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1. Parties: Details of the Builder and Landowner, including registered addresses and company numbers
2. Background: Context of the agreement, including description of the land and proposed development
3. Definitions: Key terms used throughout the agreement
4. Joint Venture Structure: Legal structure of the JV and initial contributions of parties
5. Project Scope: Detailed description of the development project
6. Roles and Responsibilities: Specific duties of each party
7. Financial Arrangements: Profit sharing, costs allocation, and funding arrangements
8. Management and Control: Decision-making processes and management structure
9. Duration and Termination: Term of agreement and circumstances for termination
1. Intellectual Property Rights: Provisions for protection of designs, technology, and other intellectual property created during the joint venture
2. Non-Compete Provisions: Restrictions on competing activities during and after the joint venture
3. Environmental Provisions: Specific obligations and protections relating to environmental matters and compliance
4. Planning Obligations: Specific commitments and responsibilities relating to planning permission and requirements
1. Schedule 1 - Land Details: Title information and plans of the development land
2. Schedule 2 - Development Plans: Architectural plans and specifications for the development
3. Schedule 3 - Financial Model: Detailed financial projections and calculations
4. Schedule 4 - Construction Programme: Timeline and milestones for the development
5. Schedule 5 - Management Structure: Organizational chart and decision-making procedures
6. Schedule 6 - Form of Warranties: Templates for required warranties
7. Schedule 7 - Insurance Requirements: Details of required insurance coverage
8. Schedule 8 - Planning Permissions: Copies of existing permissions or requirements
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