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Joint Development Agreement Between Landowner And Builder
"I need a Joint Development Agreement Between Landowner And Builder for a luxury residential tower project in Dubai Marina, where the landowner will contribute the land valued at AED 50 million and receive 40% profit share, with construction expected to commence in March 2025."
1. Parties: Identification and details of the landowner and builder/developer
2. Background: Context of the development project, including property details and development objectives
3. Definitions and Interpretation: Defined terms and interpretation rules used throughout the agreement
4. Project Scope: Detailed description of the development project, including nature and extent of works
5. Land Contribution: Terms of land provision, title verification, and related obligations of the landowner
6. Development Obligations: Builder's obligations regarding construction, including quality standards and timelines
7. Regulatory Compliance: Obligations regarding permits, approvals, and compliance with UAE laws and regulations
8. Financial Terms: Financial structure, profit sharing, costs allocation, and payment terms
9. Project Timeline: Development milestones, completion dates, and extension provisions
10. Quality and Standards: Construction standards, materials specifications, and quality control processes
11. Representations and Warranties: Parties' representations regarding capacity, authority, and title
12. Risk Allocation: Distribution of risks between parties, including construction and market risks
13. Insurance: Required insurance coverage and related obligations
14. Default and Termination: Events of default, remedies, and termination provisions
15. Dispute Resolution: Procedures for resolving disputes, including UAE jurisdiction requirements
16. General Provisions: Standard boilerplate clauses adapted for UAE law
1. Project Management: Structure and procedures for project management when a separate project manager is appointed
2. Marketing and Sales: Terms for marketing and selling units in developments intended for sale
3. Environmental Compliance: Additional environmental obligations for environmentally sensitive projects
4. Community Facilities: Provisions for development of shared facilities in larger community projects
5. Financing Arrangements: Specific provisions when external project financing is involved
6. Escrow Arrangements: Details of escrow account management where required by local law
7. Phasing Provisions: Specific provisions for phased developments
8. Islamic Finance Compliance: Additional provisions for Sharia-compliant financing structures
1. Property Description: Detailed legal description of the development land, including title details and plans
2. Development Plans: Architectural drawings, plans, and specifications
3. Construction Timeline: Detailed construction schedule with milestones
4. Financial Model: Detailed financial projections and profit-sharing calculations
5. Technical Specifications: Detailed construction and material specifications
6. Required Approvals: List of required regulatory approvals and permits
7. Form of Warranties: Standard forms of construction warranties
8. Insurance Requirements: Detailed insurance specifications and requirements
9. Project Team: Key personnel and responsibilities
10. Quality Control Procedures: Detailed quality assurance and control procedures
Authors
Real Estate
Construction
Property Development
Infrastructure
Hospitality
Retail
Commercial Property
Residential Property
Mixed-use Development
Industrial Development
Legal
Real Estate
Development
Construction
Commercial
Operations
Risk Management
Property Management
Technical Services
Corporate Affairs
Real Estate Director
Development Manager
Construction Manager
Legal Counsel
Project Manager
Chief Development Officer
Property Director
Contract Manager
Commercial Director
Risk Manager
Investment Manager
Asset Manager
Corporate Lawyer
Technical Director
Operations Director
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