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Joint Venture Agreement Real Estate Development
"Need a Joint Venture Agreement Real Estate Development for a collaboration between our Singapore-based investment company and an Indonesian developer to construct a mixed-use commercial complex in Jakarta, with project completion targeted for March 2025 and including specific provisions for foreign ownership compliance."
1. Parties: Identification of the JV partners, including their corporate details and registered addresses
2. Background: Context of the JV formation, including the purpose of developing specific real estate projects and the parties' expertise
3. Definitions: Definitions of key terms used throughout the agreement, including Indonesian legal terminology
4. Formation of Joint Venture Company: Details of the JV company establishment, shareholding structure, and compliance with Indonesian investment laws
5. Capital Structure and Contributions: Parties' contributions (cash, land, expertise), shareholding percentages, and funding arrangements
6. Land Rights and Property: Details of land acquisition, ownership structure, and relevant Indonesian land rights (HGB, HPL, etc.)
7. Management and Control: Governance structure, board composition, voting rights, and reserved matters
8. Development and Construction: Project development phases, construction requirements, and compliance with Indonesian building regulations
9. Financial Matters: Financial management, profit distribution, accounting principles, and audit rights
10. Representations and Warranties: Parties' representations, including authority, capacity, and compliance with Indonesian laws
11. Regulatory Compliance: Compliance with Indonesian investment, real estate, and construction regulations
12. Term and Termination: Duration of the JV, termination events, and consequences of termination
13. Dispute Resolution: Dispute resolution mechanisms, governing law, and jurisdiction provisions
14. General Provisions: Standard provisions including notices, amendments, and language requirements
1. Local Community Relations: Provisions for managing relationships with local communities and stakeholders, recommended for projects in sensitive areas
2. Environmental Compliance: Detailed environmental obligations and commitments, necessary for projects requiring environmental impact assessments
3. Marketing and Sales: Provisions regarding the marketing and sale of developed properties, relevant for commercial developments
4. Intellectual Property Rights: Protection of IP rights and branding, important when involving international branded residences or commercial properties
5. Employee Matters: Employment terms and conditions, necessary when the JV will have direct employees
6. Force Majeure: Specific force majeure provisions, particularly relevant in areas prone to natural disasters
7. Anti-Corruption Compliance: Detailed anti-corruption provisions, particularly important for international joint ventures
1. Project Details: Detailed description of the real estate development project, including location, scope, and specifications
2. Land Documents: Details of land certificates, ownership documents, and relevant permits
3. Capital Contributions Schedule: Detailed breakdown of each party's capital contributions and timing
4. Development Timeline: Project development phases and milestone dates
5. Management Structure: Organizational chart and management positions
6. Technical Specifications: Detailed technical requirements and building specifications
7. Required Permits and Licenses: List of required governmental approvals and their status
8. Initial Business Plan: Detailed business plan including financial projections
9. Form of Shareholder Resolution: Template for shareholder resolutions
10. Insurance Requirements: Required insurance coverage for the project
Authors
Real Estate
Construction
Property Development
Infrastructure
Urban Planning
Hospitality
Commercial Property
Residential Property
Industrial Development
Mixed-Use Development
Legal
Real Estate Development
Property Management
Finance
Investment
Operations
Compliance
Risk Management
Business Development
Project Management
Construction Management
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Real Estate Development Director
Property Development Manager
Investment Director
Joint Venture Manager
Legal Counsel
Project Director
Construction Manager
Land Acquisition Manager
Compliance Officer
Risk Manager
Business Development Director
Operations Director
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