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Real Estate Joint Venture Agreement Template for Ireland

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Key Requirements PROMPT example:

Real Estate Joint Venture Agreement

"I need a Real Estate Joint Venture Agreement for a partnership between an Irish property development company and a UK investment firm to develop a €50M commercial office complex in Dublin, with construction planned to start in March 2025."

Document background
The Real Estate Joint Venture Agreement is a crucial document used when two or more parties wish to collaborate on real estate projects in Ireland while sharing risks, resources, and rewards. This agreement is particularly relevant in the Irish market where property development and investment often require substantial capital and diverse expertise. The document establishes the joint venture's structure, governance, and operational framework while ensuring compliance with Irish property law, company law, and regulatory requirements. It typically includes detailed provisions for capital contributions, profit sharing, property management, development responsibilities, and exit mechanisms. The agreement is essential for projects ranging from commercial development to residential property portfolios, and must account for specific Irish requirements regarding property registration, planning permissions, and environmental regulations.
Suggested Sections

1. Parties: Identification of the joint venture partners, including full legal names, registered addresses, and company registration numbers

2. Background: Context of the joint venture, including the purpose, objectives, and brief description of the real estate project

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Joint Venture Structure: Legal structure of the JV, whether company or partnership, and initial shareholding/participation percentages

5. Capital Contributions: Details of initial and subsequent capital contributions, including property assets, cash, and other resources

6. Management and Control: Governance structure, board composition, voting rights, and decision-making processes

7. Property Development and Management: Specific provisions regarding property development, management, and maintenance responsibilities

8. Financial Matters: Financial management, accounting principles, distribution of profits, and handling of losses

9. Transfer of Interests: Rules regarding transfer of shares/interests, including pre-emption rights and restrictions

10. Default and Termination: Events of default, consequences, and termination procedures

11. Confidentiality: Protection of confidential information and trade secrets

12. Dispute Resolution: Procedures for resolving disputes, including mediation and arbitration provisions

13. General Provisions: Standard boilerplate clauses including notices, entire agreement, governing law, and jurisdiction

Optional Sections

1. Development Agreement: Detailed section for joint ventures specifically focused on property development, including construction timelines and specifications

2. Property Management: Section for joint ventures focused on managing existing properties rather than development

3. Financing Arrangements: Detailed provisions for external financing, including security arrangements and lender relationships

4. Environmental Compliance: Specific provisions for properties requiring environmental management or remediation

5. Planning and Zoning: Specific provisions regarding planning permissions and zoning requirements

6. Asset Management: Detailed provisions for ongoing asset management if the JV includes multiple properties

7. Exit Strategy: Specific mechanisms for partner exit, including buy-out provisions and IPO considerations

8. Intellectual Property: Required when the JV involves development of proprietary methods or branding

9. Employment Matters: Required when the JV will directly employ staff

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property/properties, including title information and encumbrances

2. Schedule 2 - Initial Capital Contributions: Detailed breakdown of each partner's initial contributions

3. Schedule 3 - Business Plan: Initial business plan including development/management strategy and financial projections

4. Schedule 4 - Management Structure: Detailed governance structure, including organizational chart and key personnel

5. Schedule 5 - Reserved Matters: List of decisions requiring special approval or unanimous consent

6. Schedule 6 - Accounting Principles: Agreed accounting policies and procedures

7. Schedule 7 - Property Management Agreement: Form of property management agreement if applicable

8. Schedule 8 - Development Budget: Detailed development budget and cost estimates

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

10. Appendix B - Property Plans and Drawings: Technical drawings, plans, and specifications

Authors

Alex Denne

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

Relevant legal definitions





































































Clauses















































Relevant Industries

Real Estate

Property Development

Construction

Commercial Property

Residential Property

Real Estate Investment

Property Management

Infrastructure

Urban Development

Hospitality

Relevant Teams

Legal

Real Estate

Finance

Investment

Property Development

Asset Management

Risk Management

Operations

Commercial

Corporate Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Development Manager

Investment Director

Legal Counsel

Commercial Director

Project Manager

Asset Manager

Development Director

Investment Manager

Property Manager

Risk Manager

Finance Director

Operations Director

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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