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Joint Venture Agreement Between Builder And Landowner Template for Ireland

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Key Requirements PROMPT example:

Joint Venture Agreement Between Builder And Landowner

I need a Joint Venture Agreement Between Builder And Landowner for a residential development project in Dublin, where I'm the landowner of a 2-acre site and want to partner with a construction company to build 25 luxury apartments, with construction starting in March 2025.

Document background
The Joint Venture Agreement Between Builder And Landowner is a crucial document for property development projects in Ireland, typically used when a landowner wishes to develop their property but lacks construction expertise or resources, while a builder seeks development opportunities without the initial capital expense of land acquisition. This agreement, governed by Irish law, establishes the framework for cooperation between these parties, detailing their respective contributions, responsibilities, and profit-sharing arrangements. It must comply with Irish property law, construction regulations, and planning requirements while addressing key aspects such as planning permissions, construction standards, timeline commitments, and risk allocation. The document is essential for protecting both parties' interests and ensuring clear understanding of development objectives, financial arrangements, and project management responsibilities.
Suggested Sections

1. Parties: Identification of the Landowner and Builder, including full legal names and addresses

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

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Joint Venture Formation: Establishment of the joint venture relationship and its purpose

5. Contributions: Details of what each party brings to the venture - land from Landowner, construction services from Builder

6. Property Details: Specific details about the property, including title, boundaries, and any encumbrances

7. Development Obligations: Builder's obligations regarding construction, timeline, and quality standards

8. Project Management: Management structure, decision-making process, and roles of each party

9. Financial Arrangements: Cost sharing, profit distribution, accounting procedures, and funding obligations

10. Planning and Approvals: Responsibilities for obtaining necessary planning permissions and permits

11. Construction Timeline: Project milestones, completion dates, and consequences of delays

12. Quality and Standards: Construction standards, materials quality, and compliance requirements

13. Insurance and Liability: Required insurance coverage and allocation of risks between parties

14. Dispute Resolution: Procedures for resolving disputes between parties

15. Term and Termination: Duration of the agreement and circumstances for termination

Optional Sections

1. Marketing and Sales: Used when the agreement includes provisions for joint marketing and sale of the developed property

2. Environmental Compliance: Required when the development has significant environmental considerations or risks

3. Third Party Contractors: Include when subcontractors will be extensively used in the project

4. Intellectual Property: Needed when unique designs or proprietary construction methods are involved

5. Refinancing Provisions: Include when parties anticipate potential refinancing during the project

6. Change of Control: Required when parties want to restrict or regulate ownership changes during the project

7. Force Majeure: Detailed provisions for unforeseen circumstances affecting project completion

Suggested Schedules

1. Schedule 1 - Property Description: Detailed legal description of the property including maps and boundaries

2. Schedule 2 - Development Plans: Architectural plans, drawings, and specifications for the development

3. Schedule 3 - Construction Schedule: Detailed timeline of construction phases and milestones

4. Schedule 4 - Budget and Costings: Detailed breakdown of projected costs and financial contributions

5. Schedule 5 - Planning Permissions: Copies of or requirements for planning permissions and other regulatory approvals

6. Schedule 6 - Distribution Formula: Detailed calculations for profit sharing and distribution arrangements

7. Schedule 7 - Insurance Requirements: Specific insurance policies and coverage requirements

8. Appendix A - Form of Contractors Warranty: Standard form of warranty to be provided by contractors

9. Appendix B - Quality Standards: Detailed quality specifications and standards for construction

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

















































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Relevant Industries

Construction

Real Estate

Property Development

Architecture

Urban Planning

Infrastructure

Residential Development

Commercial Development

Land Development

Construction Materials

Relevant Teams

Legal

Construction

Real Estate

Project Management

Business Development

Finance

Risk Management

Property Development

Contracts Administration

Planning

Relevant Roles

Construction Manager

Property Developer

Real Estate Attorney

Project Manager

Development Director

Land Surveyor

Architect

Planning Consultant

Construction Site Manager

Real Estate Manager

Legal Counsel

Finance Director

Risk Manager

Contracts Manager

Business Development Manager

Industries










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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