Joint Venture Agreement Between Builder And Landowner Template for Malaysia

The Joint Venture Agreement Between Builder And Landowner is a crucial document in Malaysian property development, typically used when a landowner wishes to develop their property but lacks construction expertise or resources, while a builder has the necessary skills but needs land for development. This agreement is governed by Malaysian law and must comply with various regulations including the National Land Code 1965, Contracts Act 1950, and relevant construction legislation. It details the parties' contributions (land from the landowner, expertise and resources from the builder), profit-sharing mechanisms, development parameters, and project management structures. The document is essential for protecting both parties' interests, ensuring clear allocation of responsibilities, and establishing a framework for successful project completion. It's particularly relevant in urban development areas and can be adapted for various types of developments from residential to commercial projects.

1. Parties: Identification and details of the Landowner and Builder

2. Background: Context of the agreement, including description of the land and proposed development

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

4. Joint Venture Structure: Framework of collaboration and roles of each party

5. Landowner's Contributions: Details of land contribution, warranties regarding land title and encumbrances

6. Builder's Contributions: Builder's obligations, expertise, and resources to be provided

7. Development Parameters: Scope of development, specifications, and compliance requirements

8. Project Management: Management structure, decision-making process, and reporting requirements

9. Financial Arrangements: Cost allocation, profit sharing, and funding mechanisms

10. Construction Timeline: Project milestones, completion dates, and extension provisions

11. Rights and Obligations: Detailed responsibilities of each party during the project

12. Regulatory Compliance: Obligations regarding permits, approvals, and compliance with laws

13. Insurance and Indemnity: Insurance requirements and indemnification provisions

14. Default and Remedies: Events of default and corresponding remedies

15. Termination: Termination events and consequences

16. Dispute Resolution: Dispute resolution procedures and governing law

17. General Provisions: Standard boilerplate clauses including notices, amendments, etc.