Document background
The Joint Development Agreement Between Landowner And Builder is a crucial document in Malaysian property development, typically used when a landowner wishes to develop their property but lacks the expertise or resources to do so independently. This agreement, governed by Malaysian federal and state laws, establishes a collaboration where the landowner contributes the land while the builder provides expertise, resources, and undertakes construction. The document covers essential aspects including development rights, profit sharing, construction specifications, timelines, and regulatory compliance requirements. It's particularly important in Malaysia's dual legal system where land matters are governed by both federal and state legislation, requiring careful consideration of various legal requirements including the National Land Code, development orders, and local authority approvals. The agreement serves as the primary document governing the relationship between the parties throughout the development process, from initial planning to project completion.
