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Joint Venture Agreement (Real Estate)

Joint Venture Agreement (Real Estate) Template for Philippines

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Key Requirements PROMPT example:

Joint Venture Agreement (Real Estate)

"I need a Joint Venture Agreement (Real Estate) for a mixed-use development project in Manila between our local Philippine corporation and a Singapore-based investor, with development planned to commence in March 2025 and including provisions for retail, residential, and office spaces."

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Document background
The Joint Venture Agreement (Real Estate) is a crucial document used when two or more parties wish to collaborate on real estate development projects in the Philippines. This agreement is particularly important given the Philippine legal framework's specific requirements, including the 60-40 Filipino ownership rule for land ownership. The document is commonly used for various property developments, from residential complexes to commercial centers, and must comply with the Philippine Constitution, Civil Code, and Corporation Code. It typically includes detailed provisions on capital contributions, profit sharing, management structure, development timelines, and exit strategies. The agreement is essential for structuring foreign investment in Philippine real estate while maintaining legal compliance, and often serves as the foundation document for major property development projects. It requires careful consideration of local government requirements, zoning laws, and environmental regulations.
Suggested Sections

1. Parties: Identification of the JV partners, including their complete legal names, addresses, and corporate details

2. Background: Context of the joint venture, including the purpose and objectives of the collaboration in real estate development

3. Definitions: Definitions of key terms used throughout the agreement

4. Joint Venture Structure: Legal structure of the JV, ownership percentages, and compliance with Philippine foreign ownership restrictions

5. Capital Contributions: Detailed description of each party's contributions (land, capital, expertise) and their valuation

6. Property Details: Specific details of the real estate property involved, including legal description and ownership status

7. Management and Control: Governance structure, decision-making process, and voting rights

8. Development Plan: Overview of the development project, timelines, and milestones

9. Profit and Loss Sharing: Distribution of profits and losses among JV partners

10. Rights and Obligations: Detailed responsibilities and rights of each party

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

12. Term and Termination: Duration of the JV and circumstances for termination

13. Dispute Resolution: Mechanism for resolving disputes, including jurisdiction and governing law

14. Confidentiality: Protection of confidential information shared during the JV

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

Optional Sections

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

2. Marketing and Sales: Details of marketing strategy and sales process, included for development projects intended for sale

3. Financing Arrangements: Terms of external financing, included when bank or third-party financing is anticipated

4. Property Management: Post-development management terms, included for properties intended to be leased or operated

5. Environmental Compliance: Environmental obligations and commitments, included for projects with significant environmental impact

6. Insurance: Insurance requirements and responsibilities, included for high-risk developments

7. Intellectual Property Rights: IP protection clauses, included when branding or proprietary methods are involved

8. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term development projects

Suggested Schedules

1. Property Documents: Title documents, land surveys, and property certificates

2. Development Plans: Detailed architectural plans, renders, and technical specifications

3. Capital Contribution Schedule: Detailed breakdown of each party's contributions and payment/contribution timeline

4. Project Timeline: Detailed development schedule with milestones and deadlines

5. Management Structure: Organizational chart and key personnel appointments

6. Financial Projections: Budget, cost estimates, and revenue projections

7. Required Permits: List of necessary permits and licenses with status

8. Distribution Waterfall: Detailed mechanism for profit distribution

9. Insurance Requirements: Specific insurance policies and coverage requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 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

Infrastructure

Hospitality

Retail

Commercial Property

Residential Development

Industrial Development

Urban Planning

Tourism

Mixed-use Development

Relevant Teams

Legal

Real Estate Development

Finance

Corporate Strategy

Business Development

Project Management

Compliance

Risk Management

Investment

Property Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Real Estate Development Director

Project Manager

Legal Counsel

Investment Manager

Property Development Manager

Business Development Director

Corporate Secretary

Risk Manager

Joint Venture Manager

Land Acquisition Manager

Development Planning 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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