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Joint Venture Agreement For Development Of Land

Joint Venture Agreement For Development Of Land Template for England and Wales

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Key Requirements PROMPT example:

Joint Venture Agreement For Development Of Land

"I need a Joint Venture Agreement For Development Of Land between my property development company and a private landowner for a mixed-use development project in Manchester, with a 60-40 profit split and construction scheduled to begin in March 2025."

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Document background
A Joint Venture Agreement For Development Of Land is essential when multiple parties wish to collaborate on property development projects in England and Wales. This document is particularly relevant when combining different expertise and resources, such as when a landowner partners with a developer or when multiple developers pool their capabilities. The agreement covers crucial aspects including ownership structure, financial commitments, development responsibilities, profit distribution, and risk management. It must comply with English property law, planning regulations, and corporate requirements while providing a clear framework for project execution and partner relationships.
Suggested Sections

1. Parties: Identification and details of all joint venture partners

2. Background/Recitals: Context of the joint venture and description of the land development project

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

4. Joint Venture Structure: Legal structure, ownership percentages, and governance arrangements

5. Property Details: Specific details of the land, including title information and existing encumbrances

6. Contributions: Financial, asset, and resource contributions from each party

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

8. Development Obligations: Responsibilities for planning, construction, and project delivery

9. Financial Provisions: Profit sharing, loss allocation, and financial management

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

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

Optional Sections

1. Environmental Provisions: Environmental obligations and remediation responsibilities when environmental issues are identified in due diligence

2. Planning Obligations: Specific planning requirements and Section 106 obligations when planning permission is not yet secured

3. Third Party Rights: Rights of external parties affecting the development when there are existing third-party interests in the land

4. Intellectual Property: IP rights in development plans and marketing materials when significant IP is being created or used

5. Phasing Provisions: Details of development phases and milestone dates for larger developments delivered in phases

Suggested Schedules

1. Property Schedule: Detailed property information including plans and title documents

2. Business Plan: Detailed development strategy and financial projections

3. Development Programme: Timeline and milestones for the development

4. Planning Permissions: Copies of existing permissions or planning requirements

5. Financial Model: Detailed financial calculations and assumptions

6. Form of Security Documents: Templates for any required security arrangements

7. Management Structure: Organizational chart and governance procedures

8. Service Agreements: Forms of any related service contracts

9. Environmental Reports: Environmental surveys and assessments

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Accounting Period
Additional Capital
Applicable Laws
Approved Business Plan
Board
Business Day
Capital Contribution
Commencement Date
Completion
Confidential Information
Construction Contract
Development
Development Costs
Development Period
Development Programme
Development Property
Encumbrances
Environmental Laws
Event of Default
Financial Year
Force Majeure Event
Good Industry Practice
Initial Capital
Intellectual Property Rights
Joint Venture
Land
Local Authority
Management Committee
Material Adverse Effect
Member(s)
Necessary Consents
Net Profit
Planning Permission
Professional Team
Project
Project Account
Project Documents
Profits
Property
Quarter
Related Party
Relevant Interest
Reserved Matters
Security Interest
Services
Share(s)
Shareholder(s)
Site
Statutory Requirements
Tax
Term
Territory
Third Party
Transfer
Valuation
Working Capital
Clauses
Interpretation
Conditions Precedent
Joint Venture Formation
Capital Contributions
Land Transfer
Development Obligations
Planning and Consents
Construction Obligations
Project Management
Decision Making
Financial Provisions
Profit Distribution
Bank Accounts
Accounting and Records
Board Powers
Shareholder Rights
Reserved Matters
Transfer Restrictions
Environmental Compliance
Health and Safety
Insurance
Intellectual Property
Confidentiality
Non-Competition
Default
Deadlock
Force Majeure
Termination
Exit Provisions
Buy-out Rights
Anti-corruption
Data Protection
Assignment
Notices
Costs
Dispute Resolution
Governing Law
Third Party Rights
Entire Agreement
Severability
Variation
Waiver
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Companies Act 2006: Primary legislation governing corporate structures, company formation, directors' duties and responsibilities, and company administration requirements in England and Wales

Law of Property Act 1925: Fundamental land law principles, property rights and interests, and legal requirements for land transfers

Land Registration Act 2002: Legislation covering requirements for registering property interests, priority of interests, and Land Registry procedures

Town and Country Planning Act 1990: Planning legislation covering planning permission requirements, development control, and change of use regulations

Planning and Compulsory Purchase Act 2004: Framework for strategic planning, development plans, and environmental impact assessments

Environmental Protection Act 1990: Environmental legislation covering permits, waste management, and contaminated land requirements

Environment Act 2021: Recent environmental legislation covering biodiversity requirements, environmental targets, and air quality considerations

Building Act 1984: Legislation governing building regulations, safety standards, and construction requirements

Construction (Design and Management) Regulations 2015: Regulations covering health and safety requirements and project management obligations in construction

Finance Act: Current finance legislation covering tax implications, Stamp Duty Land Tax, and Capital Gains Tax considerations for property development

Value Added Tax Act 1994: Legislation governing VAT on property transactions and construction services

Partnership Act 1890: Legislation governing partnership structures, partner rights and obligations if structuring as a partnership

Contracts (Rights of Third Parties) Act 1999: Legislation covering third-party rights and contractual obligations in England and Wales

Health and Safety at Work etc. Act 1974: Primary legislation covering site safety requirements and worker protection

Local Authority Regulations: Local development framework, specific planning policies, and building control requirements specific to the local authority

Water Industry Act 1991: Legislation governing water infrastructure and services for development projects

Electricity Act 1989: Legislation governing electrical infrastructure and services for development projects

Gas Act 1986: Legislation governing gas infrastructure and services for development projects

Money Laundering Regulations 2017: Regulations covering due diligence requirements and transaction monitoring in property development

Modern Slavery Act 2015: Legislation covering supply chain considerations and corporate responsibilities regarding modern slavery

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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