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Real Estate Development Services Agreement
"I need a Real Estate Development Services Agreement for a mixed-use commercial and residential project in Lagos, Nigeria, with specific provisions for environmental compliance and local community engagement, where the development will be completed in phases over 24 months starting March 2025."
1. Parties: Identifies and provides full details of the contracting parties - the Developer and the Client
2. Background: Outlines the context of the agreement, including property details and development objectives
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. Scope of Services: Detailed description of development services to be provided by the Developer
5. Project Timeline: Establishes key milestones, completion dates, and project phases
6. Payment Terms: Details the fee structure, payment schedule, and payment conditions
7. Developer's Obligations: Comprehensive list of Developer's responsibilities and commitments
8. Client's Obligations: Specifies Client's responsibilities including access, approvals, and information provision
9. Regulatory Compliance: Requirements for compliance with Nigerian laws, permits, and regulations
10. Quality Standards: Specifies construction and development standards to be met
11. Variations: Process for handling changes to scope or specifications
12. Insurance and Liability: Insurance requirements and liability allocation between parties
13. Term and Termination: Duration of agreement and circumstances for termination
14. Force Majeure: Provisions for handling events beyond parties' control
15. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions
16. Governing Law: Confirms Nigerian law as governing law and jurisdiction
17. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement
1. Environmental Protection: Required when project involves significant environmental impact or requires environmental impact assessment
2. Local Community Relations: Important for projects in sensitive community areas or requiring community engagement
3. Foreign Investment Provisions: Required when the Developer or Client is a foreign entity
4. Intellectual Property Rights: Needed when development includes unique designs or proprietary methods
5. Financing Arrangements: Required when project involves external financing or specific funding conditions
6. Special Technical Requirements: For projects involving specialized construction or development techniques
7. Security Provisions: Required in high-risk areas or for high-value developments
1. Schedule 1 - Property Details: Detailed description of development site, including surveys and title information
2. Schedule 2 - Development Specifications: Detailed technical specifications for the development
3. Schedule 3 - Project Timeline: Detailed project schedule with milestones and completion dates
4. Schedule 4 - Payment Schedule: Detailed breakdown of payments, including timing and conditions
5. Schedule 5 - Required Permits and Approvals: List of all required regulatory approvals and permits
6. Schedule 6 - Key Personnel: Details of key team members and their responsibilities
7. Appendix A - Site Plans and Drawings: Technical drawings and plans for the development
8. Appendix B - Quality Standards and Specifications: Detailed quality requirements and applicable standards
9. Appendix C - Form of Progress Reports: Template for required progress reporting
10. Appendix D - Insurance Requirements: Detailed insurance specifications and coverage requirements
Authors
Real Estate
Construction
Property Development
Urban Planning
Infrastructure Development
Commercial Property
Residential Property
Industrial Property
Mixed-use Development
Hospitality
Retail
Healthcare Facilities
Educational Facilities
Legal
Real Estate
Property Development
Project Management
Construction
Finance
Compliance
Environmental
Operations
Business Development
Risk Management
Procurement
Planning and Design
Contract Administration
Real Estate Developer
Property Development Manager
Project Manager
Construction Manager
Real Estate Lawyer
Legal Counsel
Contract Manager
Development Director
Chief Development Officer
Land Acquisition Manager
Urban Planner
Architect
Quantity Surveyor
Environmental Compliance Officer
Finance Director
Investment Manager
Property Manager
Facilities Manager
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