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Joint Venture Agreement For Development Of Land
"I need a Joint Venture Agreement For Development Of Land for a partnership between a property development company and a Māori land trust to develop a 50-hectare mixed-use development in Auckland, with special consideration for cultural heritage aspects and sustainable building practices."
1. Parties: Identification of all joint venture partners and their legal status
2. Background: Context of the joint venture, including description of the land and development objectives
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Joint Venture Structure: Legal structure of the JV, ownership percentages, and relationship between parties
5. Contributions: Details of what each party will contribute (land, capital, expertise, etc.)
6. Management and Control: Governance structure, decision-making processes, and management responsibilities
7. Development Project: Scope of the development, timelines, and key milestones
8. Financial Provisions: Capital contributions, profit sharing, accounting procedures, and funding arrangements
9. Land Management: Provisions regarding land ownership, transfer, and development rights
10. Project Implementation: Construction and development implementation procedures
11. Distribution of Profits: Method and timing of profit distribution and handling of losses
12. Compliance and Consents: Obligations regarding regulatory compliance and obtaining necessary permits
13. Confidentiality: Protection of confidential information and intellectual property
14. Duration and Termination: Term of the agreement and circumstances for termination
15. Dispute Resolution: Procedures for resolving disputes between parties
16. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Pre-Development Conditions: Used when certain conditions must be met before development can commence
2. Marketing and Sales: Include when the JV will handle property sales/leasing
3. Environmental Obligations: Required when specific environmental considerations or obligations exist
4. Cultural Heritage: Include when dealing with land having cultural significance or requiring iwi consultation
5. Development Manager: Include when appointing a separate development manager
6. Staged Development: Used for projects being developed in multiple stages
7. Bank Funding: Include when external financing is part of the arrangement
8. Resource Sharing: Used when parties will share specific resources or personnel
9. Buy-out Provisions: Include mechanisms for partners to buy out others' interests
10. Force Majeure: Include specific provisions for handling unforeseen events
1. Schedule 1 - Property Details: Legal description and details of the development land
2. Schedule 2 - Initial Contributions: Detailed breakdown of each party's initial contributions
3. Schedule 3 - Development Plan: Detailed plans, specifications, and timelines for the development
4. Schedule 4 - Budget and Feasibility: Initial budget, costings, and feasibility analysis
5. Schedule 5 - Management Structure: Detailed governance and management procedures
6. Schedule 6 - Distribution Policy: Detailed procedures for profit distribution and calculations
7. Schedule 7 - Project Milestones: Key project milestones and completion criteria
8. Appendix A - Resource Consents: Copies or details of required resource consents
9. Appendix B - Plans and Drawings: Architectural plans, concept drawings, and designs
10. Appendix C - Professional Appointments: Details of key professional appointments (architects, engineers, etc.)
Authors
Approved Budget
Business Day
Business Plan
Capital Contribution
Commencement Date
Completion
Confidential Information
Construction Contract
Construction Works
Default Event
Development
Development Costs
Development Manager
Development Period
Development Plan
Development Site
Distribution
Encumbrance
Environmental Law
Feasibility Study
Financial Year
Force Majeure Event
GST
Improvements
Initial Contribution
Interest Rate
Joint Venture
Joint Venture Assets
Joint Venture Committee
Land
Local Authority
Management Committee
Material Contract
Participant
Participation Interest
Practical Completion
Project
Project Account
Project Manager
Property
Resource Consent
Sales Proceeds
Security Interest
Services
Special Resolution
Staged Development
Term
Territory
Title Documents
Venture Interest
Works
Ownership Structure
Capital Contributions
Land Transfer
Development Rights
Management and Control
Decision Making
Project Management
Development Process
Construction Requirements
Resource Consents
Environmental Compliance
Cultural Heritage
Financial Arrangements
Profit Distribution
Loss Sharing
Bank Accounts
GST
Insurance
Risk Allocation
Intellectual Property
Confidentiality
Non-Competition
Project Timeline
Development Stages
Quality Control
Health and Safety
Regulatory Compliance
Local Authority Requirements
Warranties and Representations
Force Majeure
Default
Termination
Buy-out Rights
Dispute Resolution
Assignment
Notices
Governing Law
Amendments
Entire Agreement
Real Estate Development
Construction
Property Investment
Urban Development
Infrastructure Development
Commercial Real Estate
Residential Development
Mixed-use Development
Land Development
Property Management
Legal
Property Development
Real Estate
Finance
Construction
Project Management
Risk Management
Commercial
Operations
Investment
Planning and Development
Corporate Development
Property Development Manager
Real Estate Director
Chief Investment Officer
Construction Manager
Legal Counsel
Project Manager
Development Director
Chief Financial Officer
Land Acquisition Manager
Planning Manager
Risk Manager
Commercial Director
Operations Manager
Investment Analyst
Development Coordinator
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