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Joint Venture Agreement Real Estate Development Template for Indonesia

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Key Requirements PROMPT example:

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."

Document background
The Joint Venture Agreement Real Estate Development is a crucial document used when parties wish to collaborate on property development projects in Indonesia. It is particularly relevant when foreign investors seek to enter the Indonesian real estate market, as Indonesian law requires specific structural arrangements and local partnerships. The agreement addresses essential elements such as capital structure, land rights (including restrictions under the Basic Agrarian Law), development obligations, profit sharing, and management control. It must comply with Indonesian investment laws, including Law No. 25/2007 on Investment and relevant real estate regulations. This document is commonly used for various types of developments including residential, commercial, industrial, and mixed-use projects, and typically includes detailed provisions for project implementation, risk allocation, and regulatory compliance.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















































Clauses








































Relevant Industries

Real Estate

Construction

Property Development

Infrastructure

Urban Planning

Hospitality

Commercial Property

Residential Property

Industrial Development

Mixed-Use Development

Relevant Teams

Legal

Real Estate Development

Property Management

Finance

Investment

Operations

Compliance

Risk Management

Business Development

Project Management

Construction Management

Relevant Roles

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

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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