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Master Developer Agreement
"I need a Master Developer Agreement under Nigerian law for a mixed-use development project in Lagos, with specific focus on sustainable development and community benefits, including provisions for phased development over 10 years starting March 2025."
1. Parties: Identification of the master developer, landowner, and any other key parties
2. Background: Context of the development project, including site details and development objectives
3. Definitions and Interpretation: Key terms used throughout the agreement and interpretation rules
4. Appointment and Scope: Formal appointment of master developer and scope of development rights
5. Development Rights and Obligations: Detailed rights granted to developer and corresponding obligations
6. Land Rights and Planning: Land access, ownership structures, and planning permission requirements
7. Development Program: Timeline, phases, and milestones for the development
8. Construction Standards: Required quality standards, building codes, and technical specifications
9. Environmental Compliance: Environmental protection requirements and compliance obligations
10. Financial Terms: Payment structures, development fees, and financial obligations
11. Performance Security: Required guarantees, bonds, or other security arrangements
12. Risk Allocation: Distribution of risks between parties and risk management procedures
13. Representations and Warranties: Standard representations and specific project-related warranties
14. Term and Termination: Duration of agreement and termination provisions
15. Force Majeure: Events beyond party control and their consequences
16. Dispute Resolution: Procedures for resolving disputes including arbitration provisions
17. Governing Law: Application of Nigerian law and jurisdiction
18. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Local Content Requirements: Required when project must comply with Nigerian Content Development Act
2. Infrastructure Development: For projects requiring significant infrastructure development
3. Community Relations: When project requires specific community engagement or benefits
4. Marketing Rights: When developer has rights to market completed development
5. Intellectual Property: When project involves significant IP rights or branding
6. Employment Obligations: When specific local employment requirements apply
7. Facility Management: When developer has post-completion management responsibilities
8. Sustainability Requirements: For projects with specific green building or sustainability requirements
1. Property Description: Detailed description of development site including plans and surveys
2. Development Program: Detailed timeline and phasing of development works
3. Technical Specifications: Detailed construction and quality specifications
4. Financial Model: Detailed financial terms, payments, and calculations
5. Performance Standards: Specific KPIs and performance requirements
6. Required Approvals: List of required governmental and regulatory approvals
7. Form of Performance Security: Templates for required bonds or guarantees
8. Environmental Requirements: Detailed environmental standards and compliance requirements
9. Design Guidelines: Architectural and design standards for the development
10. Insurance Requirements: Details of required insurance coverage
Authors
Real Estate
Urban Development
Infrastructure
Commercial Property
Residential Development
Industrial Development
Mixed-use Development
Hospitality
Retail
Special Economic Zones
Legal
Development
Construction
Environmental
Planning
Commercial
Finance
Technical
Community Relations
Risk Management
Contracts Administration
Land Acquisition
Chief Executive Officer
Development Director
Project Director
Legal Counsel
Construction Manager
Environmental Compliance Officer
Planning Manager
Commercial Director
Finance Director
Technical Director
Community Relations Manager
Risk Manager
Contracts Manager
Land Acquisition Manager
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