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Joint Venture Agreement Between Land Owner And Developer

Joint Venture Agreement Between Land Owner And Developer Template for England and Wales

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Key Requirements PROMPT example:

Joint Venture Agreement Between Land Owner And Developer

"I need a Joint Venture Agreement Between Land Owner And Developer for a mixed-use development project in Manchester, where my company will contribute the land valued at £5M, and the developer will handle all construction and secure planning permission, with profits to be split 40:60."

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Document background
A Joint Venture Agreement Between Land Owner And Developer is essential when two parties wish to combine their resources (land and development expertise) for a property development project. This document, governed by English and Welsh law, establishes the framework for collaboration, detailing each party's contributions, rights, and obligations. It typically includes provisions for land transfer or use, development responsibilities, profit sharing, and project management. The agreement is particularly crucial for ensuring clear understanding of roles, risk allocation, and financial arrangements while maintaining compliance with relevant property, planning, and construction regulations.
Suggested Sections

1. Parties: Identification and details of the Land Owner and Developer

2. Background/Recitals: Context of the agreement, including description of the land and development objectives

3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation

4. Joint Venture Structure: Legal structure of the JV and ownership arrangements

5. Land Arrangements: Terms relating to the transfer or use of land, including title warranties

6. Development Obligations: Developer's responsibilities regarding planning, construction, and completion

7. Financial Provisions: Investment commitments, profit sharing, and financial management

8. Management and Control: Decision-making processes and management structure

9. Duration and Termination: Term of the agreement and circumstances for termination

10. Boilerplate Clauses: Standard legal provisions including notices, governing law, etc.

Optional Sections

1. Pre-Development Conditions: Specific conditions that must be met before development can commence, including planning permissions, surveys, and feasibility studies

2. Third Party Rights: Provisions dealing with rights of external parties who may have interests in the land or development

3. Environmental Provisions: Specific environmental obligations, protections, and remediation requirements

4. Step-In Rights: Provisions allowing parties to take control in specific circumstances of default or underperformance

Suggested Schedules

1. Property Schedule: Detailed description of the land including title information and plans

2. Business Plan: Detailed development plans, timelines, and budgets

3. Financial Model: Profit sharing calculations and financial projections

4. Development Programme: Detailed construction and development timeline

5. Planning Permissions: Existing and required planning permissions

6. Form of Legal Charges: Security documentation if applicable

7. Service Level Agreement: Detailed service provisions if applicable

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











































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Industries

Companies Act 2006: Core legislation for company formation and governance, covering corporate structure, directors' duties and responsibilities. Essential if the joint venture is structured as a company.

Law of Property Act 1925: Fundamental legislation governing land law principles, legal estates, and interests in land. Critical for any property-related transactions within the joint venture.

Land Registration Act 2002: Governs the registration of land interests, priority of interests, and land charges. Essential for ensuring proper documentation of land ownership and interests.

Town and Country Planning Act 1990: Primary legislation for planning permission, development control, and planning obligations. Crucial for any development aspects of the joint venture.

Planning and Compulsory Purchase Act 2004: Additional planning legislation covering environmental impact assessments and supplementary planning considerations.

Construction (Design and Management) Regulations 2015: Regulations governing health and safety requirements in construction projects, including project management responsibilities.

Environmental Protection Act 1990: Key environmental legislation covering obligations, waste management, and contaminated land considerations.

Common Law Contract Principles: Fundamental principles governing contract formation, terms and conditions, breach and remedies under English common law.

Finance Acts: Various acts governing tax implications including VAT, Stamp Duty Land Tax, and Capital Gains Tax considerations for the joint venture.

Partnership Act 1890: Relevant if the joint venture is structured as a partnership, governing partnership relations and obligations.

Limited Liability Partnerships Act 2000: Applicable if the joint venture is structured as an LLP, providing the legal framework for LLP operation.

Building Regulations 2010: Technical requirements and standards for building works and construction projects.

Local Planning Policies: Region-specific planning requirements and regulations that may affect development aspects of the joint venture.

Competition Law: Regulations ensuring the joint venture does not create anti-competitive market conditions or violate competition laws.

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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