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Joint Venture Agreement For Property Development

Joint Venture Agreement For Property Development Template for Ireland

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Key Requirements PROMPT example:

Joint Venture Agreement For Property Development

I need a Joint Venture Agreement For Property Development governed by Irish law for a collaboration between my real estate investment company and a local developer to build a 50-unit residential complex in Dublin, with construction starting in March 2025.

Celebrated by
Collaborations with
Investors
Document background
The Joint Venture Agreement For Property Development is a crucial document used when two or more parties wish to collaborate on property development projects in Ireland. It is particularly relevant when different parties bring complementary resources to the venture, such as land ownership, development expertise, or financing capability. The agreement must comply with Irish corporate law, property law, and planning regulations while addressing specific requirements of the Irish property market. This document typically includes detailed provisions for project management, financial arrangements, risk sharing, and decision-making processes, as well as specific considerations for planning permission, construction regulations, and environmental compliance. It's essential for structuring complex property development projects where parties wish to maintain separate legal identities while collaborating on specific developments.
Suggested Sections

1. Parties: Identification of the joint venture parties, including full legal names and registered addresses

2. Background: Context of the joint venture, including the purpose of the collaboration and overview of the property development project

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

4. Joint Venture Structure: Legal structure of the JV, ownership percentages, and governance arrangements

5. Property Details: Specific details of the development property, including legal description and title information

6. Capital Contributions: Initial and ongoing capital contributions from each party, including land, cash, or other assets

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

8. Development Project: Scope of the development project, timelines, and key milestones

9. Financial Arrangements: Profit sharing, loss allocation, funding mechanisms, and distribution policy

10. Operations: Day-to-day management, roles and responsibilities of each party

11. Representations and Warranties: Standard and specific warranties regarding capacity, authority, and property

12. Default and Remedies: Events of default and corresponding remedies available to parties

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

14. Dispute Resolution: Procedures for resolving disputes between parties

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

Optional Sections

1. Pre-Development Conditions: Conditions that must be met before development can commence, used when specific prerequisites exist

2. Environmental Obligations: Specific environmental requirements and responsibilities, included when the development has significant environmental implications

3. Marketing and Sales: Arrangements for marketing and selling the developed property, included for residential or commercial developments intended for sale

4. Intellectual Property: IP rights and usage, included when the development involves unique designs or branding

5. Employment Matters: Employment arrangements and obligations, included when the JV will directly employ staff

6. Insurance: Specific insurance requirements beyond standard provisions, included for high-risk developments

7. Third Party Agreements: Framework for dealing with contractors and suppliers, included for complex developments

8. Competition Compliance: Competition law compliance provisions, included when parties are competitors or market impact is significant

Suggested Schedules

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

2. Schedule 2 - Business Plan: Detailed business plan including development specifications and financial projections

3. Schedule 3 - Capital Contributions: Detailed breakdown of each party's capital contributions and timing

4. Schedule 4 - Development Timeline: Detailed project timeline with milestones and deadlines

5. Schedule 5 - Management Structure: Detailed governance structure and decision-making procedures

6. Schedule 6 - Initial Budget: Detailed development budget and cost allocations

7. Schedule 7 - Required Consents: List of required permits, licenses, and regulatory approvals

8. Appendix A - Form of Shareholder Resolution: Template for shareholder resolutions

9. Appendix B - Professional Team Appointments: List of key professional appointments (architects, engineers, etc.)

10. Appendix C - Planning Permissions: Copies of or references to planning permissions and conditions

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

alex.den.21@genieai.co
Relevant legal definitions















































































Clauses














































Relevant Industries

Real Estate

Construction

Property Development

Commercial Property

Residential Property

Infrastructure

Urban Development

Mixed-use Development

Sustainable Development

Architecture and Design

Relevant Teams

Legal

Real Estate

Development

Finance

Construction

Operations

Risk Management

Compliance

Investment

Property Management

Planning

Commercial

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Development Director

Property Director

Legal Counsel

Real Estate Manager

Project Manager

Investment Manager

Construction Manager

Risk Manager

Planning Director

Commercial Director

Operations Director

Finance Director

Compliance Officer

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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