The Builder Joint Venture Agreement is essential when construction companies seek to collaborate on significant building projects in Singapore. This document is particularly relevant when parties need to combine their respective strengths, whether technical expertise, financial resources, or local market knowledge. The agreement must comply with Singapore's Building Control Act and BCA regulations, making it suitable for projects requiring multiple specialized capabilities or risk-sharing arrangements. It typically includes detailed provisions for project management, profit distribution, liability allocation, and regulatory compliance.
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1. Parties: Identification and details of the joint venture partners
2. Background: Context of the joint venture and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Joint Venture Structure: Legal structure, ownership, and capital contributions
5. Management and Control: Decision-making processes and governance structure
6. Scope of Works: Detailed description of construction project and responsibilities
7. Financial Arrangements: Profit sharing, losses, and financial obligations
8. Term and Termination: Duration and conditions for ending the joint venture
1. Non-Compete Provisions: Restrictions on competitive activities between partners during and after the joint venture
2. Intellectual Property Rights: Ownership and use of intellectual property in construction methods or designs
3. Insurance Requirements: Specific insurance obligations and coverage requirements for high-risk projects
1. Project Specifications: Detailed technical requirements and construction plans
2. Financial Model: Projected costs, revenues, and profit distribution calculations
3. Construction Timeline: Project milestones and completion dates
4. Key Personnel: List of important team members and their roles
5. Required Permits and Licenses: Documentation of regulatory compliance requirements and necessary certifications
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