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Mou For Joint Development Of Property
"Need to draft an MoU for Joint Development of Property for a Singapore-based investor planning to partner with our Indonesian company for a mixed-use development in Jakarta, with project commencement planned for March 2025 and requiring specific provisions for foreign investment compliance."
1. Parties: Identification of all parties involved in the joint development, including their legal status and registration details
2. Background: Context of the proposed joint development, including brief description of the property and parties' objectives
3. Definitions: Key terms used throughout the MoU, including Project, Property, Development Plan, and other relevant terminology
4. Purpose and Scope: Overview of the intended cooperation and broad outline of the development project
5. Basic Terms of Cooperation: Fundamental principles of how the parties will work together, including proposed ownership structure and general division of responsibilities
6. Development Concept: Basic outline of the proposed development, including preliminary usage plans and development phases
7. Roles and Responsibilities: General allocation of duties between parties regarding development, financing, and management
8. Timeline and Milestones: Proposed schedule for key project phases and important deadlines
9. Financial Framework: Basic financial structure, including preliminary investment commitments and profit-sharing principles
10. Due Diligence: Framework for conducting necessary investigations and assessments
11. Exclusivity Period: Period during which parties agree not to negotiate with other parties regarding the project
12. Confidentiality: Obligations regarding confidential information shared during negotiations
13. Non-Binding Nature: Clear statement of which provisions are non-binding vs. binding (typically confidentiality and exclusivity)
14. Definitive Agreement: Process and timeline for negotiating and executing detailed agreements
15. Term and Termination: Duration of the MoU and circumstances for early termination
16. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and chosen dispute resolution forum
1. Regulatory Compliance: Specific section on compliance with Indonesian property development regulations, used when dealing with complex regulatory requirements or foreign investors
2. Land Acquisition: Include when the property needs to be acquired or when there are specific land rights issues to be addressed
3. Environmental Considerations: Used when the development has significant environmental impacts or requires specific environmental permits
4. Community Relations: Include when the project requires significant community engagement or affects local communities
5. Intellectual Property Rights: Used when the development involves unique designs, brands, or proprietary development concepts
6. Force Majeure: Include when parties want to address potential extraordinary circumstances affecting the development process
7. Anti-Corruption Compliance: Important when involving foreign investors or companies subject to international anti-corruption laws
8. Marketing and Branding: Include when the project involves significant marketing cooperation or brand considerations
1. Schedule A - Property Details: Preliminary description of the property, including location, size, and current status
2. Schedule B - Conceptual Development Plan: Initial concepts and drawings of the proposed development
3. Schedule C - Preliminary Timeline: Detailed breakdown of proposed project phases and milestones
4. Schedule D - Initial Cost Estimates: Preliminary budget and cost projections for the development
5. Schedule E - Required Permits and Licenses: List of anticipated regulatory approvals needed for the development
6. Schedule F - Parties' Representatives: List of key contact persons and authorized representatives from each party
7. Appendix 1 - Property Title Documents: Copies of relevant land certificates or property ownership documentation
8. Appendix 2 - Corporate Documents: Relevant corporate authorizations and registrations of the parties
Authors
Applicable Laws
Business Day
Commencement Date
Completion Date
Confidential Information
Definitive Agreements
Development
Development Concept
Development Costs
Development Period
Development Plan
Development Rights
Due Diligence
Effective Date
Environmental Laws
Exclusivity Period
Force Majeure
Good Industry Practice
Governmental Authority
IMB (Building Permit)
Initial Period
Joint Development
Land
Land Certificates
Material Adverse Effect
Parties
Permits
Project
Project Company
Property
Property Rights
Regulatory Approvals
Related Parties
Required Consents
Site
Spatial Planning Requirements
Technical Specifications
Term
Territory
Timeline
Works
Definitions
Purpose and Scope
Development Rights
Land Rights
Joint Development Structure
Roles and Responsibilities
Financial Commitments
Development Timeline
Due Diligence
Regulatory Compliance
Permits and Licenses
Construction Requirements
Environmental Compliance
Exclusivity
Confidentiality
Non-Binding Provisions
Binding Provisions
Term and Termination
Force Majeure
Notices
Assignment
Anti-Corruption
Governing Law
Dispute Resolution
Costs and Expenses
Severability
Entire Agreement
Amendments
Counterparts
Real Estate
Construction
Property Development
Commercial Property
Residential Property
Industrial Property
Hospitality
Retail
Mixed-Use Development
Infrastructure
Urban Development
Tourism
Legal
Real Estate
Property Development
Project Management
Business Development
Investment
Construction
Finance
Operations
Compliance
Commercial
Chief Executive Officer
Managing Director
Development Director
Property Development Manager
Real Estate Manager
Legal Counsel
Project Manager
Investment Manager
Land Acquisition Manager
Business Development Director
Construction Manager
Finance Director
Commercial Director
Operations Director
Compliance Officer
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