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Joint Venture Agreement (Real Estate)
I need a Joint Venture Agreement (Real Estate) for a partnership between my property development company and a foreign investment firm to develop a mixed-use commercial property in Dublin, with an expected project commencement date of March 2025 and incorporating specific provisions for phased development and environmental compliance.
1. Parties: Identification of all joint venture parties and their registered details
2. Background: Context of the joint venture, including the purpose and objectives of the collaboration
3. Definitions and Interpretation: Defined terms and interpretation rules used throughout the agreement
4. Joint Venture Structure: Legal structure of the JV, whether corporate or contractual, and establishment details
5. Business of the Joint Venture: Detailed scope of the real estate activities and permitted business
6. Capital Contributions: Initial and subsequent capital contributions, including property assets, cash, and other resources
7. Ownership and Profit Sharing: Ownership percentages, profit distribution mechanisms, and loss sharing arrangements
8. Management and Control: Governance structure, decision-making processes, and management responsibilities
9. Property Management: Specific provisions for managing real estate assets and development projects
10. Financial Matters: Banking, accounting, auditing, and financial reporting requirements
11. Transfer of Interests: Rules regarding transfer of ownership interests, including pre-emption rights
12. Default: Events of default and consequences
13. Termination: Circumstances and procedures for terminating the joint venture
14. Confidentiality: Protection of confidential information and trade secrets
15. Dispute Resolution: Procedures for resolving disputes between parties
16. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Development Agreement: Include when the JV involves new property development projects
2. Environmental Compliance: Include for properties with significant environmental considerations or risks
3. Intellectual Property: Include when the JV involves valuable IP rights or branding
4. Employment Matters: Include when the JV will have direct employees
5. Tax Matters: Include detailed tax provisions for complex structures or international parties
6. Competition Compliance: Include when the size or nature of the venture raises competition law concerns
7. Asset Management: Include for JVs focused on managing existing property portfolios
8. Planning and Zoning: Include when development requires specific planning permissions or zoning changes
1. Schedule 1 - Property Details: Detailed description of all properties included in the joint venture
2. Schedule 2 - Initial Capital Contributions: Itemized list of each party's initial contributions (cash, property, or other assets)
3. Schedule 3 - Business Plan: Detailed business plan including development or management strategy
4. Schedule 4 - Management Structure: Organizational chart and management procedures
5. Schedule 5 - Reserved Matters: List of decisions requiring special approval or unanimous consent
6. Schedule 6 - Accounting Principles: Agreed accounting policies and procedures
7. Schedule 7 - Property Management Agreement: Terms for day-to-day property management
8. Schedule 8 - Development Budget: Detailed budget for development projects if applicable
9. Appendix A - Form of Shareholder Resolution: Template for shareholder resolutions
10. Appendix B - Property Reports: Technical, environmental, and valuation reports
11. Appendix C - Planning Permissions: Copies of existing planning permissions and applications
Authors
Real Estate
Construction
Property Development
Property Management
Investment Management
Financial Services
Asset Management
Infrastructure
Commercial Property
Residential Property
Hospitality
Retail Property
Legal
Real Estate
Corporate Development
Investment
Finance
Risk & Compliance
Property Management
Asset Management
Operations
Project Management
Business Development
Corporate Strategy
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Development Manager
Investment Director
Legal Counsel
Corporate Lawyer
Property Manager
Asset Manager
Development Director
Investment Manager
Risk Manager
Commercial Director
Operations Director
Project Manager
Finance Manager
Compliance Officer
Property Acquisitions Manager
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