Document background
The Real Estate Joint Venture Agreement is a crucial document used when two or more parties wish to collaborate on real estate development projects in the Philippines. It's particularly relevant when combining different types of contributions (such as land, capital, or expertise) and requires careful structuring to comply with Philippine foreign ownership restrictions and local regulations. This agreement type is essential for large-scale development projects, mixed-use developments, or when local entities partner with foreign investors. The document addresses key aspects including capital contributions, profit sharing, management control, development timelines, and regulatory compliance. It's specifically tailored to Philippine jurisdiction requirements, including local government permits, environmental regulations, and property registration requirements. The agreement should be drafted with consideration of the Civil Code of the Philippines, the Foreign Investments Act, and various real estate and construction regulations.
