Document background
The Joint Venture Agreement Between Land Owner And Developer is a crucial legal document used in the Philippine real estate development sector when a property owner wishes to partner with a developer to maximize the potential of their land. This agreement is particularly relevant in the rapidly growing Philippine property market, where land owners may have valuable property but lack the expertise or resources for development, while developers seek opportunities without the burden of outright land purchase. The document must comply with Philippine legal requirements, including the Civil Code, Corporation Code, and local government regulations. It typically includes detailed provisions for profit-sharing, development specifications, timelines, and regulatory compliance, while addressing specific Philippine market considerations such as foreign ownership restrictions and environmental compliance requirements. The agreement serves as the foundation for the entire development project, protecting both parties' interests while establishing clear operational guidelines.
