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Property Joint Venture Agreement
"I need a Property Joint Venture Agreement for a residential development project in Kuala Lumpur between my development company and a local landowner, with construction starting March 2025, where we'll contribute 70% of the capital and development expertise while the landowner contributes the land."
1. Parties: Identification of the JV partners, including full corporate/individual details
2. Background: Context of the JV, including property details and purpose of collaboration
3. Definitions and Interpretation: Key terms used throughout the agreement and interpretation rules
4. Joint Venture Structure: Legal structure of the JV, ownership percentages, and capital contributions
5. Property Details and Project Scope: Specific details of the property and proposed development
6. Contributions and Funding: Each party's contributions (land, capital, expertise) and funding arrangements
7. Management and Control: Decision-making process, management structure, and voting rights
8. Development and Construction: Development timeline, responsibilities, and construction requirements
9. Distribution of Profits and Losses: How profits and losses will be shared between parties
10. Representations and Warranties: Standard and specific warranties regarding property, authority, and capacity
11. Regulatory Compliance: Compliance with Malaysian property and development regulations
12. Term and Termination: Duration of JV and circumstances for termination
13. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignments
1. Foreign Investment Provisions: Required when one party is a foreign entity, addressing FIC guidelines and restrictions
2. Islamic Finance Compliance: Required when the JV needs to be Shariah-compliant
3. Environmental Compliance: Required for projects with significant environmental impact
4. Sales and Marketing: Include when the JV includes property sale/lease strategy
5. Intellectual Property Rights: Required when the JV involves unique designs or branding
6. Employment Matters: Include when the JV will directly employ staff
7. Force Majeure: Optional but recommended for long-term development projects
8. Step-In Rights: Include when there are project financing arrangements with lenders
1. Property Details Schedule: Detailed property description, title details, and encumbrances
2. Development Plans: Architectural plans, drawings, and development specifications
3. Capital Contribution Schedule: Detailed breakdown of each party's capital contributions and timing
4. Project Timeline: Detailed development milestones and completion dates
5. Management Structure: Organizational chart and management procedures
6. Distribution Mechanism: Detailed profit-sharing calculations and distribution procedures
7. Required Approvals: List of required regulatory approvals and permits
8. Form of Shareholder Agreement: If JV involves company formation, draft shareholder agreement
9. Property Valuation Report: Independent valuation of the development property
10. Technical Specifications: Detailed construction and development specifications
Authors
Business Day
Capital Contribution
Completion Date
Confidential Information
Construction Period
Development
Development Approvals
Development Costs
Development Period
Development Plan
Development Property
Effective Date
Encumbrance
Financial Year
Force Majeure Event
Initial Capital
Joint Venture
Land
Management Committee
Material Adverse Effect
National Land Code
Parties
Planning Permission
Project
Project Account
Project Manager
Property
Profit Share
Quarter
Regulatory Approval
Related Corporation
Relevant Authority
Security Interest
Services
Share
Shareholder
State Authority
Strata Title
Term
Territory
Title Document
Transfer
Valuation Report
Venture Period
Joint Venture Formation
Capital Contribution
Property Transfer
Development Obligations
Management Rights
Decision Making
Profit Distribution
Loss Sharing
Construction Requirements
Development Timeline
Regulatory Compliance
Land Use
Planning Permission
Environmental Compliance
Representations and Warranties
Confidentiality
Non-Competition
Insurance
Force Majeure
Default
Termination
Buy-Out Rights
Transfer Restrictions
Tag-Along Rights
Drag-Along Rights
Dispute Resolution
Governing Law
Notices
Assignment
Severability
Entire Agreement
Amendment
Costs and Expenses
Further Assurance
Real Estate
Property Development
Construction
Infrastructure
Commercial Property
Residential Property
Urban Planning
Architecture
Investment Management
Property Management
Legal
Real Estate
Property Development
Investment
Project Management
Construction
Finance
Commercial
Business Development
Compliance
Risk Management
Chief Executive Officer
Managing Director
Property Development Director
Legal Counsel
Real Estate Manager
Investment Manager
Project Manager
Development Manager
Construction Manager
Finance Director
Land Acquisition Manager
Commercial Director
Joint Venture Manager
Business Development Director
Compliance Officer
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