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Joint Venture Property Development Agreement

Joint Venture Property Development Agreement Template for Philippines

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Key Requirements PROMPT example:

Joint Venture Property Development Agreement

"I need a Joint Venture Property Development Agreement for a partnership between a Philippine developer and a Singapore-based investment company to develop a mixed-use commercial complex in Manila, with construction starting in March 2025 and including provisions for retail space leasing."

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Document background
The Joint Venture Property Development Agreement is essential for property development projects in the Philippines where multiple parties collaborate to develop real estate. This document is particularly relevant when combining local expertise with foreign investment, subject to Philippine foreign ownership restrictions and property development regulations. It establishes the legal framework for partner collaboration, details capital contributions, profit-sharing arrangements, and development responsibilities while ensuring compliance with local building codes, environmental regulations, and land use requirements. The agreement is crucial for projects ranging from residential complexes to commercial developments, incorporating necessary safeguards for all parties while addressing specific requirements of Philippine property and investment laws.
Suggested Sections

1. Parties: Identification of the joint venture partners, including complete corporate details and representatives

2. Background: Context of the joint venture, including property details and development objectives

3. Definitions: Definitions of key terms used throughout the agreement

4. Joint Venture Structure: Legal structure of the collaboration, ownership percentages, and capital contributions

5. Property Details: Comprehensive description of the development property, including legal title and encumbrances

6. Development Plan: Detailed plans for the property development, including timelines and milestones

7. Contributions and Funding: Financial and non-financial contributions of each party, funding mechanisms

8. Management and Control: Decision-making processes, management structure, and voting rights

9. Profit Sharing and Distribution: Distribution of profits, losses, and cash flow arrangements

10. Regulatory Compliance: Compliance with Philippine laws, permits, and regulatory requirements

11. Construction and Development: Construction responsibilities, contractor selection, and quality standards

12. Representations and Warranties: Standard and specific warranties from each party

13. Term and Termination: Duration of the agreement and termination provisions

14. Dispute Resolution: Mechanism for resolving disputes, including jurisdiction and governing law

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

Optional Sections

1. Marketing and Sales: Include when the JV includes responsibility for marketing and selling developed properties

2. Environmental Compliance: Required for projects with significant environmental impact or in environmentally sensitive areas

3. Community Relations: Include for projects requiring significant community engagement or affecting local communities

4. Intellectual Property Rights: Include when the development involves unique designs or proprietary technology

5. Foreign Ownership Compliance: Required when one party is a foreign entity, addressing ownership restrictions

6. Project Financing: Include when external financing will be sought for the development

7. Insurance and Indemnification: Detailed insurance requirements and indemnification provisions for high-risk projects

Suggested Schedules

1. Property Documents: Title documents, land surveys, and property certificates

2. Development Plans: Architectural plans, designs, and technical specifications

3. Financial Model: Detailed financial projections and investment returns

4. Construction Schedule: Detailed timeline of construction and development milestones

5. Capital Contribution Schedule: Timing and amounts of capital contributions from each party

6. Permits and Licenses: List of required permits and their status

7. Management Structure: Organizational chart and management procedures

8. Environmental Impact Assessment: Environmental studies and mitigation plans

9. Form of Shareholder Agreement: If a separate corporate entity is formed for the JV

10. Land Use and Zoning Certificates: Relevant zoning and land use documentation

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
Agreement
Applicable Laws
Approved Budget
Architectural Plans
Authority
Barangay
Board
Building Permits
Business Day
Capital Account
Capital Contribution
Certificate of Title
Commencement Date
Completion Date
Confidential Information
Construction Contract
Construction Schedule
Contractor
Control
Default Event
Development Approvals
Development Period
Development Plan
Development Property
Development Rights
Distribution
Environmental Laws
Environmental Permits
Final Completion
Financial Year
Force Majeure Event
Foreign Investment Restrictions
Governing Law
Government Authority
Gross Floor Area
Initial Capital Contribution
Intellectual Property Rights
Interest
Joint Venture
Joint Venture Assets
Land
License
Local Government Unit
Management Committee
Material Adverse Effect
Net Profit
Operating Costs
Ownership Interest
Parties
Percentage Interest
Permits
Project
Project Account
Project Manager
Property
Property Rights
Related Party
Reserved Matters
Sales Revenue
Security Interest
Shareholder
Substantial Completion
Tax
Term
Territory
Third Party
Transfer
Utilities
Voting Rights
Working Capital
Zoning Laws
Clauses
Formation of Joint Venture
Capital Contributions
Property Rights
Development Rights
Project Management
Construction Obligations
Regulatory Compliance
Environmental Compliance
Foreign Ownership
Profit Sharing
Distribution
Management and Control
Decision Making
Funding Obligations
Development Timeline
Construction Standards
Quality Control
Risk Allocation
Insurance
Intellectual Property
Confidentiality
Non-Competition
Force Majeure
Termination
Default
Remedies
Transfer Restrictions
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Deadlock Resolution
Dispute Resolution
Governing Law
Representations and Warranties
Indemnification
Assignment
Notices
Amendment
Entire Agreement
Severability
Costs and Expenses
Further Assurance
Marketing and Branding
Environmental Protection
Community Relations
Local Employment
Permits and Licenses
Anti-Corruption
Reporting Requirements
Audit Rights
Bank Accounts
Tax Matters
Relevant Industries

Real Estate

Construction

Property Development

Urban Planning

Infrastructure

Commercial Property

Residential Property

Mixed-use Development

Tourism and Hospitality

Industrial Development

Relevant Teams

Legal

Real Estate

Development

Construction

Finance

Compliance

Business Development

Project Management

Investment

Risk Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Development Director

Project Manager

Real Estate Manager

Investment Manager

Legal Counsel

Property Development Manager

Construction Manager

Compliance Officer

Urban Planning Director

Joint Venture Manager

Business Development Director

Risk Manager

Industries
Republic Act No. 11521 (Public Service Act): Governs foreign ownership restrictions and investments in Philippine corporations and joint ventures
Republic Act No. 4726 (Condominium Act): Regulates condominium development, ownership, and management in the Philippines
Presidential Decree No. 1529 (Property Registration Decree): Governs land registration and property rights in the Philippines
Republic Act No. 7042 (Foreign Investments Act): Regulates foreign investments and defines ownership limitations in various sectors
Republic Act No. 8293 (Corporation Code of the Philippines): Provides the legal framework for corporate partnerships and joint ventures
Presidential Decree No. 1096 (National Building Code): Sets standards and requirements for construction and development projects
Republic Act No. 7160 (Local Government Code): Outlines local government requirements for property development and construction permits
Republic Act No. 11325 (Environmental Impact Statement System): Mandates environmental compliance requirements for development projects
National Internal Revenue Code: Governs taxation aspects of joint ventures and property development
Republic Act No. 6541 (Urban Development and Housing Act): Provides guidelines for urban planning and development projects
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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