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Builder Joint Venture Agreement

Builder Joint Venture Agreement Template for Singapore

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Key Requirements PROMPT example:

Builder Joint Venture Agreement

"I need a Builder Joint Venture Agreement for a collaboration between my Singapore construction company and a Japanese contractor to develop a mixed-use commercial complex, with equal profit sharing and joint management control, where construction is planned to commence in March 2025."

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Document background
The Builder Joint Venture Agreement is essential when construction companies seek to collaborate on significant building projects in Singapore. This document is particularly relevant when parties need to combine their respective strengths, whether technical expertise, financial resources, or local market knowledge. The agreement must comply with Singapore's Building Control Act and BCA regulations, making it suitable for projects requiring multiple specialized capabilities or risk-sharing arrangements. It typically includes detailed provisions for project management, profit distribution, liability allocation, and regulatory compliance.
Suggested Sections

1. Parties: Identification and details of the joint venture partners

2. Background: Context of the joint venture and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Joint Venture Structure: Legal structure, ownership, and capital contributions

5. Management and Control: Decision-making processes and governance structure

6. Scope of Works: Detailed description of construction project and responsibilities

7. Financial Arrangements: Profit sharing, losses, and financial obligations

8. Term and Termination: Duration and conditions for ending the joint venture

Optional Sections

1. Non-Compete Provisions: Restrictions on competitive activities between partners during and after the joint venture

2. Intellectual Property Rights: Ownership and use of intellectual property in construction methods or designs

3. Insurance Requirements: Specific insurance obligations and coverage requirements for high-risk projects

Suggested Schedules

1. Project Specifications: Detailed technical requirements and construction plans

2. Financial Model: Projected costs, revenues, and profit distribution calculations

3. Construction Timeline: Project milestones and completion dates

4. Key Personnel: List of important team members and their roles

5. Required Permits and Licenses: Documentation of regulatory compliance requirements and necessary certifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Industries

Companies Act (Cap. 50): Primary legislation governing company formation, joint venture entity requirements, and corporate governance obligations in Singapore

Building Control Act (Cap. 29): Regulates building works, construction permits and approvals, and establishes safety standards requirements for construction projects

Building and Construction Authority (BCA) Regulations: Covers licensing requirements for builders, builder's certification requirements, and construction quality standards

Building Maintenance and Strata Management Act: Sets requirements for construction and maintenance, including quality standards for building works

Contract Law: Common Law principles governing formation of contracts, terms and conditions, breach and remedies

Partnership Act (Cap. 391): Relevant when the joint venture is structured as a partnership, governing partnership relationships

Employment Act (Cap. 91): Labor laws affecting construction workers and work permit requirements

Workplace Safety and Health Act: Establishes safety requirements at construction sites and risk management obligations

Environmental Protection and Management Act: Covers environmental compliance, noise control regulations, and pollution control in construction

Planning Act: Governs land use requirements and development control for construction projects

BCA Guidelines and Codes: Regulatory guidelines and codes established by the Building and Construction Authority

Singapore Standards for Construction: National standards specifying construction requirements and best practices

Green Mark Requirements: Environmental sustainability and green building requirements for construction projects

Safety Certification Requirements: Mandatory safety certifications and compliance requirements for construction projects

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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