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Joint Venture Agreement Between Land Owner And Developer
"I need a Joint Venture Agreement between Land Owner and Developer for a luxury residential complex in Mumbai, with specific provisions for phased development and a 70-30 revenue sharing model in favor of the landowner, ensuring compliance with Maharashtra RERA regulations."
1. Parties: Identifies and provides full details of the Land Owner and Developer, including their legal status and registered addresses
2. Background: Outlines the context of the agreement, including details of the land ownership and the parties' intention to develop the property
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Scope of Joint Venture: Details the nature and extent of the proposed development project and the business relationship between parties
5. Contributions of Parties: Specifies what each party will contribute - land from owner, development expertise and capital from developer
6. Rights and Obligations: Outlines specific responsibilities and rights of both the land owner and developer
7. Project Implementation: Details the development timeline, construction phases, and project milestones
8. Revenue Sharing and Financial Terms: Specifies the profit-sharing ratio, payment terms, and financial arrangements between parties
9. Project Management: Establishes the management structure and decision-making process for the project
10. Representations and Warranties: Contains statements of fact and assurances from both parties regarding their capacity and authority
11. Term and Termination: Specifies the duration of the agreement and circumstances under which it can be terminated
12. Dispute Resolution: Outlines the process for resolving any disputes between the parties
13. Governing Law: Specifies that Indian law governs the agreement and identifies jurisdiction for legal proceedings
14. Notices: Details how formal communications between parties should be made and delivered
15. Force Majeure: Addresses circumstances beyond parties' control that may affect project execution
1. Development Phases: Used when the project will be developed in multiple phases, detailing specific requirements for each phase
2. Environmental Compliance: Required when the project has significant environmental implications or requires specific environmental clearances
3. Marketing and Sales: Include when the agreement covers the sale of developed properties and marketing responsibilities
4. Refinancing Provisions: Needed when parties anticipate the need for additional funding during development
5. Exit Mechanisms: Include when parties want specific provisions for early exit or buy-out options
6. Third Party Rights: Required when other parties (like financial institutions or contractors) have specific rights under the agreement
7. Intellectual Property Rights: Include when the development involves unique designs or branding elements
8. Insurance: Detailed insurance requirements when specific coverage types are necessary for the project
1. Schedule A - Property Details: Detailed description of the land, including survey numbers, boundaries, and encumbrances
2. Schedule B - Development Plans: Architectural plans, layouts, and specifications for the proposed development
3. Schedule C - Project Timeline: Detailed timeline with milestones, completion dates, and phase-wise development plans
4. Schedule D - Cost and Revenue Projections: Financial projections, development costs, and expected returns
5. Schedule E - Revenue Sharing Mechanism: Detailed methodology for calculating and distributing project revenues
6. Schedule F - Required Approvals: List of necessary permits, licenses, and approvals required for the project
7. Schedule G - Land Title Documents: Copies of land ownership documents, tax receipts, and encumbrance certificates
8. Schedule H - Technical Specifications: Detailed technical specifications for construction and development
9. Appendix 1 - Power of Attorney: If applicable, power of attorney documents authorizing specific actions
10. Appendix 2 - Bank Guarantee Format: Format for any required bank guarantees or financial security documents
Authors
Real Estate Development
Construction
Property Management
Urban Planning
Infrastructure Development
Commercial Real Estate
Residential Real Estate
Mixed-use Development
Architecture and Design
Environmental Services
Legal
Real Estate
Property Development
Construction
Finance
Compliance
Risk Management
Project Management
Business Development
Land Acquisition
Real Estate Developer
Property Owner
Legal Counsel
Project Director
Development Manager
Real Estate Investment Manager
Construction Manager
Chief Executive Officer
Chief Financial Officer
Property Development Director
Land Acquisition Manager
Compliance Officer
Risk Manager
Urban Planning Director
Real Estate Portfolio Manager
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