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Development Management Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Development Management Agreement

"I need a Development Management Agreement for a mixed-use development project in Kowloon, Hong Kong, where the development manager will be responsible for full project delivery including obtaining permits, contractor selection, and sales coordination, with project commencement planned for March 2025."

Document background
The Development Management Agreement is a crucial document used in Hong Kong's property development sector when a property owner or developer wishes to engage a professional development manager to oversee their development project. It is particularly relevant in complex development projects where specialized expertise is required for managing the development process, from conception through to completion. The agreement comprehensively addresses the Hong Kong regulatory environment, including compliance with the Buildings Ordinance, Town Planning Ordinance, and other relevant legislation. It establishes the development manager's scope of authority, responsibilities, and accountability while protecting the interests of all parties involved. This document type is essential for projects requiring professional development management services in Hong Kong's sophisticated property market, where regulatory compliance and professional project delivery are paramount.
Suggested Sections

1. Parties: Identification of the property owner/developer and the development manager

2. Background: Context of the development project and appointment of the development manager

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Appointment and Term: Formal appointment, term, and any renewal provisions

5. Development Manager's Obligations: Core services, standard of care, and key deliverables

6. Client's Obligations: Property owner's responsibilities and obligations

7. Project Governance: Decision-making framework, approval processes, and reporting requirements

8. Personnel and Resources: Key personnel requirements, staffing, and resource commitments

9. Fees and Payment: Fee structure, payment terms, and expenses

10. Insurance and Liability: Insurance requirements and liability limitations

11. Intellectual Property: Ownership and usage rights of project documentation and materials

12. Confidentiality: Confidentiality obligations and permitted disclosures

13. Termination: Termination events, processes, and consequences

14. Dispute Resolution: Dispute resolution procedures and governing law

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

Optional Sections

1. Sales and Marketing Services: Include when development manager will handle sales/leasing activities

2. Funding and Finance: Include when development manager has responsibilities related to project funding

3. Multiple Phase Development: Include for projects with multiple phases requiring specific provisions

4. Environmental Compliance: Include when project has significant environmental requirements

5. Government Liaison: Include when development manager is responsible for government applications/permits

6. Post-Completion Services: Include if development manager's role extends beyond practical completion

7. Value Engineering: Include when development manager has specific cost optimization responsibilities

8. Community Engagement: Include for projects requiring community consultation

Suggested Schedules

1. Schedule 1 - Project Details: Description of the development project, site details, and key objectives

2. Schedule 2 - Services Scope: Detailed scope of development management services

3. Schedule 3 - Fee Schedule: Detailed breakdown of fees, payment milestones, and calculations

4. Schedule 4 - Project Program: Project timeline, milestones, and key dates

5. Schedule 5 - Key Personnel: Details of key personnel and their roles

6. Schedule 6 - Reporting Requirements: Format and frequency of required reports

7. Schedule 7 - KPIs and Performance Metrics: Performance indicators and measurement criteria

8. Schedule 8 - Approved Contractors List: Pre-approved contractors and consultants

9. Schedule 9 - Project Budget: Detailed project budget and cost control procedures

10. Appendix A - Power of Attorney: If development manager requires specific authorities to act on behalf of the client

11. Appendix B - Insurance Requirements: Detailed insurance requirements and minimum coverage levels

Authors

Alex Denne

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

Relevant legal definitions
























































Clauses













































Relevant Industries

Real Estate

Construction

Property Development

Infrastructure

Commercial Property

Residential Property

Industrial Development

Mixed-use Development

Urban Renewal

Retail Development

Hospitality

Healthcare Facilities

Educational Facilities

Data Centers

Relevant Teams

Legal

Development

Construction

Project Management

Commercial

Operations

Planning

Technical Services

Risk Management

Procurement

Asset Management

Investment

Compliance

Finance

Relevant Roles

Development Director

Project Manager

Construction Manager

Property Director

Real Estate Manager

Development Executive

Project Director

Construction Director

Legal Counsel

Contract Manager

Commercial Director

Technical Director

Planning Manager

Asset Manager

Investment Manager

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

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