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Joint Venture Agreement For Land Development Template for England and Wales

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Key Requirements PROMPT example:

Joint Venture Agreement For Land Development

"I need a Joint Venture Agreement For Land Development for a partnership between my property development company and a landowner to build a mixed-use residential and commercial complex in Manchester, with an expected project value of £50 million and construction starting in March 2025."

Document background
A Joint Venture Agreement For Land Development is a crucial document used when multiple parties wish to collaborate on property development projects in England and Wales. It's particularly relevant when combining different expertise or resources, such as when a landowner partners with a developer or when multiple developers pool their resources. The agreement covers essential aspects including capital contributions, profit sharing, governance structure, development obligations, and exit strategies. It must comply with English property law, planning regulations, and construction requirements while protecting all parties' interests and clearly defining their roles and responsibilities.
Suggested Sections

1. Parties: Identifies and defines all parties to the joint venture agreement

2. Background/Recitals: Sets out the context and purpose of the joint venture, including details of the land development project

3. Definitions and Interpretation: Defines key terms and establishes rules for interpreting the agreement

4. Joint Venture Structure: Details the legal structure of the joint venture and ownership arrangements

5. Contributions: Specifies what each party will contribute (land, capital, expertise, etc.)

6. Management and Control: Establishes governance structure and decision-making processes

7. Development Obligations: Sets out the development plan, timelines, and responsibilities

8. Financial Provisions: Covers profit sharing, losses, funding arrangements, and distributions

9. Transfer Restrictions: Rules regarding transfer of interests in the joint venture

10. Term and Termination: Duration of the agreement and circumstances for termination

Optional Sections

1. Environmental Provisions: Required when environmental risks are significant or specific environmental obligations exist for brownfield sites or environmentally sensitive areas

2. Planning Obligations: Detailed provisions regarding planning permissions and obligations, used when planning permission hasn't been obtained or specific planning conditions exist

3. Construction Provisions: Detailed provisions regarding construction contracts and management, used when the JV includes construction phase management

4. Sales and Marketing: Provisions regarding the sale or letting of completed development, used when the JV extends to disposal of completed development

5. Intellectual Property: Provisions regarding IP rights and licenses, used when significant IP is involved in the development

Suggested Schedules

1. Property Schedule: Detailed description of the development land including title information

2. Business Plan: Detailed development and financial projections

3. Development Programme: Detailed timeline and milestones for the development

4. Budget: Detailed cost and revenue projections

5. Planning Permissions: Copies or details of relevant planning permissions and conditions

6. Management Structure: Detailed governance and management procedures

7. Form of Shareholder Resolution: Template for shareholder decisions requiring formal approval

8. Service Agreements: Forms of service agreements for key personnel or contractors

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

























































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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Fundamental property law legislation that governs real property ownership and transactions in England and Wales

Land Registration Act 2002: Modern framework for land registration, determining ownership and interests in land

Land Registration Rules 2003: Detailed procedures and requirements for land registration processes

Law of Property (Miscellaneous Provisions) Act 1989: Contains essential formalities for property contracts, particularly Section 2 requirements

Town and Country Planning Act 1990: Principal act governing land development and planning permission requirements

Planning and Compulsory Purchase Act 2004: Updates to planning system and framework for compulsory land acquisition

Community Infrastructure Levy Regulations 2010: Regulations governing charges on new developments to fund local infrastructure

Environmental Protection Act 1990: Framework for environmental protection and waste management in development

Environment Act 2021: Recent legislation setting new environmental standards and requirements

Companies Act 2006: Primary legislation governing company formation and operation in the UK

Partnership Act 1890: Fundamental legislation governing traditional partnerships

Building Act 1984: Primary legislation governing building works and regulations

Building Regulations 2010: Detailed technical requirements for construction and building works

Construction (Design and Management) Regulations 2015: Health and safety requirements for construction projects

Contracts (Rights of Third Parties) Act 1999: Legislation governing third party rights in contractual arrangements

Value Added Tax Act 1994: Tax legislation relevant to property development and transactions

Health and Safety at Work etc. Act 1974: Primary legislation governing workplace safety requirements

Bribery Act 2010: Anti-corruption legislation affecting business transactions and relationships

Money Laundering Regulations 2017: Requirements for preventing money laundering in property transactions

UK General Data Protection Regulation: Data protection requirements affecting business operations and personal data

Section 106 Agreements: Planning obligations between developers and local authorities

RICS Guidelines: Professional standards and guidance from the Royal Institution of Chartered Surveyors

Civil Procedure Rules: Rules governing civil litigation and dispute resolution in England and Wales

Transfer of Undertakings (Protection of Employment) Regulations 2006: Employment protection regulations affecting business transfers

Conservation of Habitats and Species Regulations 2017: Environmental protection requirements for protected species and habitats

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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