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Joint Venture Development Agreement

Joint Venture Development Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Joint Venture Development Agreement

"I need a Joint Venture Development Agreement for a mixed-use real estate project in Dubai between our UK-based development company and a local UAE partner, with construction scheduled to commence in March 2025 and include specific provisions for sustainable development and LEED certification requirements."

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Document background
The Joint Venture Development Agreement is a crucial document used when two or more parties wish to collaborate on development projects in the United Arab Emirates. This agreement type is particularly relevant in the UAE market where foreign investors often partner with local entities to comply with ownership requirements and leverage local expertise. The document addresses key aspects required under UAE Federal Commercial Companies Law and relevant emirate-specific regulations, including corporate structure, capital contributions, profit sharing, and management control. It is especially important for large-scale development projects where parties need to clearly define their roles, responsibilities, and risk allocation while ensuring compliance with local laws regarding foreign investment, property development, and company formation.
Suggested Sections

1. Parties: Identification of the joint venture partners and their legal details

2. Background: Context of the joint venture and development project, including recitals of each party's expertise and intentions

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

4. Joint Venture Establishment: Formation of the JV entity, including corporate structure and compliance with UAE laws

5. Project Scope: Detailed description of the development project, objectives, and deliverables

6. Capital Contributions: Financial and non-financial contributions of each party

7. Ownership and Profit Sharing: Equity structure, profit distribution, and loss-bearing arrangements

8. Management and Control: Governance structure, decision-making processes, and voting rights

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

10. Land and Property Matters: Details of the development site, ownership, and related rights

11. Financial Provisions: Budget, funding mechanisms, and financial management

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

13. Term and Termination: Duration, renewal, and termination provisions

14. Dispute Resolution: Dispute resolution mechanisms compliant with UAE law

15. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law

Optional Sections

1. Intellectual Property Rights: Required when the development involves significant IP or technology transfer

2. Environmental Compliance: Necessary for projects with significant environmental impact

3. Marketing and Branding: Include when the project involves significant marketing activities or brand usage

4. Employment Matters: Required when the JV will have direct employees

5. Insurance: Detailed insurance requirements beyond standard provisions

6. Force Majeure: Specific force majeure provisions beyond standard clauses

7. Anti-Corruption Compliance: Enhanced compliance provisions for high-risk projects

8. Free Zone Specific Provisions: Required when the project is located in a UAE free zone

Suggested Schedules

1. Project Description and Specifications: Detailed technical specifications of the development project

2. Development Site Details: Legal description, plans, and technical details of the development site

3. Business Plan: Detailed business plan including timelines and milestones

4. Capital Contributions Schedule: Detailed breakdown of each party's contributions and timing

5. Management Structure: Organizational chart and management procedures

6. Development Timeline: Project schedule, phases, and completion milestones

7. Financial Model: Detailed financial projections and assumptions

8. Required Approvals and Permits: List of required governmental and regulatory approvals

9. Form of Shareholder Resolution: Template for shareholder resolutions

10. Technical Specifications: Detailed technical requirements and standards

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






















































Clauses







































Relevant Industries

Real Estate

Construction

Infrastructure Development

Commercial Property

Residential Development

Mixed-use Development

Hospitality

Industrial Development

Retail Development

Smart City Development

Sustainable Development

Tourism

Relevant Teams

Legal

Finance

Real Estate

Development

Commercial

Compliance

Operations

Project Management

Investment

Construction

Corporate Affairs

Risk Management

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Chief Financial Officer

Development Director

Project Manager

Legal Counsel

Commercial Director

Investment Manager

Real Estate Director

Construction Manager

Corporate Lawyer

Finance Director

Business Development Manager

Compliance Officer

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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