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Property Collaboration Agreement
Need a Property Collaboration Agreement for a joint venture between our Dubai-based real estate development company and a UAE investment fund to develop and manage a mixed-use commercial complex in Abu Dhabi, with project commencement planned for March 2025.
1. Parties: Identification of all participating parties with full legal names, addresses, and registration details as per UAE requirements
2. Background: Context of the collaboration, including property details and purpose of the agreement
3. Definitions: Comprehensive definitions of terms used throughout the agreement, including property-specific and collaboration-specific terminology
4. Scope of Collaboration: Detailed description of the collaboration structure and intended activities
5. Property Details: Specific details of the property/properties involved, including legal description and ownership status
6. Roles and Responsibilities: Detailed obligations and responsibilities of each party in the collaboration
7. Financial Terms: Financial arrangements, including investment contributions, profit sharing, and expense allocation
8. Duration and Termination: Term of the agreement and circumstances for termination
9. Management and Decision Making: Governance structure and decision-making processes
10. Representations and Warranties: Standard and specific warranties regarding property ownership, authority to contract, and compliance with UAE laws
11. Confidentiality: Provisions for handling confidential information
12. Dispute Resolution: Dispute resolution mechanisms compliant with UAE law
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant jurisdiction
14. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement
1. Development Plans: Include when the collaboration involves property development activities
2. Marketing and Branding: Include when the collaboration involves joint marketing efforts
3. Property Management: Include when the collaboration includes ongoing property management services
4. Environmental Compliance: Include for properties requiring specific environmental considerations
5. Insurance: Include detailed insurance requirements when significant property risks need to be covered
6. Intellectual Property: Include when the collaboration involves shared branding or technology
7. Force Majeure: Include specific force majeure provisions relevant to property collaboration
8. Exit Strategy: Include detailed exit mechanisms for complex long-term collaborations
1. Property Details Schedule: Detailed legal description of property, including title deeds and registration details
2. Financial Schedule: Detailed breakdown of financial contributions, profit sharing formulas, and payment terms
3. Business Plan: Detailed business plan and projections for the collaboration
4. Service Level Agreement: Performance standards and metrics for property management or development services
5. Authority Approvals: List of required governmental approvals and permits
6. Property Plans and Drawings: Technical drawings, floor plans, and development plans if applicable
7. Key Performance Indicators: Metrics for measuring success of the collaboration
8. Delegation of Authority Matrix: Decision-making authority levels for different aspects of the collaboration
Authors
Real Estate
Property Development
Construction
Commercial Property
Residential Property
Hospitality
Retail
Industrial Property
Infrastructure Development
Property Investment
Legal
Real Estate
Property Development
Investment
Commercial
Operations
Finance
Business Development
Project Management
Facilities Management
Asset Management
Risk Management
Real Estate Director
Property Development Manager
Investment Manager
Legal Counsel
Commercial Director
Asset Manager
Development Director
Chief Investment Officer
Property Portfolio Manager
Facilities Manager
Real Estate Operations Manager
Contracts Manager
Business Development Director
Project Manager
Chief Financial Officer
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