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The Joint Venture Development Agreement is a crucial document used when two or more parties wish to collaborate on development projects in Indonesia while sharing risks, resources, and rewards. It is particularly relevant when combining local expertise with foreign investment or technical capabilities, taking into account Indonesia's foreign investment regulations and local partnership requirements. The agreement typically includes detailed provisions for project implementation, capital structure, governance mechanisms, and profit distribution, while ensuring compliance with Indonesian construction laws, environmental regulations, and investment requirements. This document is essential for large-scale development projects where partners need to clearly define their roles, responsibilities, and rights in the development process while establishing a formal joint venture structure under Indonesian law.

1. Parties: Identification of the JV partners, including their complete legal names, registration numbers, and addresses

2. Background: Context of the JV formation, intended project, and parties' objectives

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Joint Venture Formation: Structure of the JV, capital contributions, shareholding ratios, and registration requirements

5. Development Project Scope: Detailed description of the development project, including location, type, and scale

6. Capital and Funding: Capital structure, funding mechanisms, and additional funding obligations

7. Governance and Management: Management structure, board composition, voting rights, and reserved matters

8. Development Rights and Obligations: Parties' respective rights and responsibilities in the development project

9. Land and Property Matters: Details of land acquisition, ownership, and related rights

10. Project Implementation: Construction, development timelines, and milestone requirements

11. Financial Provisions: Profit sharing, distribution policy, and financial management

12. Representations and Warranties: Standard and specific warranties from each party

13. Compliance and Permits: Regulatory compliance requirements and permit obligations

14. Term and Termination: Duration of the agreement and termination provisions

15. Dispute Resolution: Dispute resolution mechanisms and governing law

16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability