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Builder Joint Venture Agreement
"Need a Builder Joint Venture Agreement for a partnership between my construction company and a specialist foundation contractor to build a 50-story commercial tower in Chicago, with estimated project completion in December 2025 and equal profit sharing."
1. Parties: Identification and details of the joint venture partners
2. Background: Context and purpose of the joint venture formation
3. Definitions: Key terms used throughout the agreement
4. Joint Venture Formation: Legal structure, name, and establishment details
5. Capital Contributions: Initial and ongoing financial commitments of each partner
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management Structure: Governance framework and decision-making processes
8. Project Execution: Construction responsibilities and operational procedures
9. Term and Termination: Duration of the joint venture and termination provisions
10. Representations and Warranties: Legal assurances and statements made by each party
1. International Operations: Provisions for cross-border activities when joint venture involves international partners or projects
2. Intellectual Property Rights: IP ownership and licensing arrangements when proprietary technology or methods are involved
3. Dispute Resolution: Arbitration or mediation procedures when parties prefer alternative dispute resolution
4. Force Majeure: Provisions for unforeseeable circumstances preventing fulfillment of obligations
5. Non-Compete Provisions: Restrictions on partners' competing activities when market protection is required
1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial and planned contributions
2. Schedule B - Project Specifications: Technical details and requirements of construction projects
3. Schedule C - Insurance Requirements: Required insurance coverage and limits
4. Schedule D - Management Procedures: Detailed operational and decision-making procedures
5. Appendix 1 - Construction Timeline: Project milestones and completion dates
6. Appendix 2 - Quality Standards: Construction quality requirements and specifications
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