Real Estate Development Joint Venture Term Sheet Template for Nigeria

1. Foreign Investment Provisions: Required when one or more parties are foreign investors, detailing compliance with NIPC requirements

2. Local Content Requirements: Needed when project falls under Nigerian local content regulations

3. Development Financing: Include when external financing will be required for the project

4. Environmental Compliance: Required for projects requiring environmental impact assessment

5. Community Relations: Important for projects in areas requiring community engagement or corporate social responsibility commitments

6. Phase Development: Include for projects planned in multiple phases

7. Exit Mechanisms: Optional section detailing preliminary exit arrangements for the parties

8. Force Majeure: Can be included to address preliminary agreement on force majeure events

1. Schedule 1 - Project Land Details: Detailed description of land, including survey plans and title documents

2. Schedule 2 - Initial Business Plan: Preliminary business plan including development concept and financial projections

3. Schedule 3 - Capital Contribution Schedule: Detailed breakdown of proposed capital contributions and timing

4. Schedule 4 - Development Timeline: Detailed project timeline with key milestones

5. Schedule 5 - Required Approvals: List of required governmental and regulatory approvals

6. Appendix A - Site Plans: Preliminary architectural and development plans

7. Appendix B - Financial Model: Initial financial projections and assumptions

8. Appendix C - Key Personnel: List of key personnel from each party involved in the project