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Joint Venture Agreement Real Estate Development
"I need a Joint Venture Agreement Real Estate Development between our property development company and a Chinese investment firm for a mixed-use development project in Manchester, with an expected investment of £50 million and construction starting in March 2025."
1. Parties: Identification and details of all parties to the joint venture
2. Background/Recitals: Context of the agreement and high-level objectives
3. Definitions and Interpretation: Key terms and interpretation rules used throughout the agreement
4. Joint Venture Structure: Legal structure, ownership, and governance framework
5. Business Plan and Development Strategy: Agreed development plans, timelines, and strategic objectives
6. Capital Contributions: Financial commitments and funding arrangements
7. Management and Control: Decision-making processes and management structure
8. Land Acquisition and Development: Terms relating to property acquisition and development process
9. Profit Distribution: Mechanism for sharing profits and losses
10. Term and Termination: Duration and circumstances for termination
1. Pre-emption Rights: Rights of first refusal on share transfers - used when parties want to control ownership changes
2. Intellectual Property: IP ownership and licensing arrangements - used when IP is created or used in the development
3. Environmental Provisions: Environmental obligations and protections - used for developments with significant environmental impact
4. Construction Obligations: Specific construction requirements and standards - used when construction is part of JV scope
5. Marketing and Branding: Marketing strategy and brand usage - used for commercial developments requiring marketing
1. Property Details: Legal description and details of development property
2. Business Plan: Detailed business plan and financial projections
3. Development Programme: Detailed timeline and milestones
4. Management Structure: Organizational chart and key personnel
5. Initial Capital Contributions: Details of each party's initial investment
6. Planning Permissions: Copies of relevant planning permissions and conditions
7. Form of Shareholder Resolution: Template for shareholder decisions
8. Service Level Agreements: Details of services provided by each party
9. Insurance Requirements: Required insurance coverage details
10. Approved Contractors List: Pre-approved contractors and suppliers
Authors
Agreed Form
Applicable Laws
Board
Business Day
Business Plan
Capital Contribution
Completion
Completion Date
Confidential Information
Construction Contract
Development
Development Costs
Development Period
Development Programme
Development Property
Development Rights
Directors
Encumbrance
Environmental Laws
Financial Year
Good Industry Practice
Gross Development Value
Group
Initial Business Plan
Intellectual Property Rights
JV Company
Land
Loan Agreement
Management Committee
Material Contract
Net Profit
Operating Costs
Planning Permission
Professional Team
Project
Project Accounts
Project Documents
Property
Relevant Authority
Reserved Matters
Sales Proceeds
Security Interest
Shareholder
Shareholders' Agreement
Share Capital
Statutory Requirements
Target Completion Date
Transfer
Works
Conditions Precedent
Formation of Joint Venture
Business of Joint Venture
Capital Contributions
Funding Obligations
Land Acquisition
Development Rights
Planning Permissions
Construction Obligations
Project Management
Decision Making
Reserved Matters
Board Composition
Shareholder Meetings
Distribution Policy
Profit Sharing
Transfer Restrictions
Pre-emption Rights
Tag Along Rights
Drag Along Rights
Deadlock Resolution
Environmental Compliance
Health and Safety
Insurance
Intellectual Property
Confidentiality
Non-Competition
Anti-Corruption
Data Protection
Force Majeure
Default
Termination
Exit Provisions
Dispute Resolution
Warranties
Indemnities
Assignment
Notices
Costs
Severability
Entire Agreement
Governing Law
Jurisdiction
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