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Agreement Between Developer And Landowner
"I need an Agreement Between Developer And Landowner for a mixed-use development project in Dubai Marina, where the developer will construct a 40-story tower with retail and residential units, with development scheduled to commence in March 2025 and including provisions for phased completion and off-plan sales."
1. Parties: Identification of the Developer and Landowner with full legal names and details
2. Background: Context of the agreement, including property details and development intention
3. Definitions: Defined terms used throughout the agreement
4. Grant of Development Rights: Scope of rights granted to the Developer and any restrictions
5. Property Details and Ownership: Detailed description of the land and confirmation of ownership
6. Development Obligations: Developer's obligations regarding the development, including timelines and standards
7. Landowner's Obligations: Landowner's responsibilities and commitments
8. Financial Terms: Payment structure, profit sharing, and financial obligations
9. Project Timeline: Development milestones, completion dates, and extension provisions
10. Approvals and Permits: Responsibility for obtaining necessary governmental approvals
11. Construction Standards: Quality standards and compliance requirements
12. Title and Registration: Provisions regarding property registration and title matters
13. Representations and Warranties: Standard and specific warranties from both parties
14. Insurance and Liability: Insurance requirements and allocation of risks
15. Default and Remedies: Events of default and corresponding remedies
16. Termination: Termination events and consequences
17. Dispute Resolution: Dispute resolution mechanism compliant with UAE law
18. Governing Law: Specification of UAE law as governing law
19. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Joint Venture Provisions: Required if the development is structured as a joint venture between parties
2. Phasing Provisions: Needed for projects with multiple development phases
3. Sales and Marketing: Include if the agreement covers property sales responsibilities
4. Property Management: Required if post-completion management is part of the arrangement
5. Environmental Obligations: Detailed section needed for environmentally sensitive developments
6. Escrow Arrangements: Required for off-plan sales in accordance with UAE regulations
7. Third Party Rights: Needed if there are existing tenants or other rights holders
8. Intellectual Property: Include if the development involves unique designs or branding
9. Force Majeure: Detailed provisions for force majeure if required beyond standard clause
1. Property Description: Detailed legal description of the land, including title details and plans
2. Development Plans: Architectural plans, drawings, and specifications
3. Project Timeline: Detailed construction and development schedule
4. Payment Schedule: Detailed breakdown of payments, profit sharing, and financial terms
5. Required Approvals: List of required governmental and regulatory approvals
6. Technical Specifications: Detailed construction and quality specifications
7. Form of Warranties: Standard forms of warranties to be provided
8. Environmental Reports: Environmental impact assessments and related reports
9. Existing Encumbrances: Details of any existing rights, restrictions, or encumbrances
10. Service Level Requirements: Standards for construction and development services
Authors
Real Estate
Construction
Property Development
Infrastructure
Commercial Property
Residential Property
Mixed-use Development
Hospitality
Retail
Industrial Development
Urban Planning
Legal
Real Estate
Development
Construction
Operations
Finance
Compliance
Risk Management
Commercial
Project Management
Technical
Investment
Asset Management
Property Management
Chief Executive Officer
Managing Director
Development Director
Project Director
Real Estate Manager
Construction Manager
Legal Counsel
Property Manager
Commercial Director
Finance Director
Operations Director
Compliance Officer
Risk Manager
Investment Manager
Asset Manager
Development Manager
Contract Manager
Technical Director
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