Ask a lawyer:
Provide a template for a Joint Venture Agreement in a real estate development project

mwakili.com

Joint Venture Agreement

This Joint Venture Agreement (the "Agreement") is made and entered into as of [Date] by and between [Developer Name], a [State of Incorporation] corporation with its principal place of business at [Developer Address] (the "Developer"), and [Landowner Name], residing at [Landowner Address] (the "Landowner").

1. Introduction

1.1. The Developer is a real estate developer with experience in developing real estate projects in Kenya.

1.2. The Landowner owns a piece of land located at [Land Address] (the "Property").

1.3. The Developer and the Landowner desire to enter into a joint venture to develop the Property into a [Type of Development] (the "Project").

2. Purpose of the Joint Venture

2.1. The purpose of the Joint Venture is to develop the Property into the Project.

2.2. The Joint Venture will be governed by the terms and conditions of this Agreement.

3. Joint Venture Structure

3.1. The Joint Venture will be structured as a [Type of Joint Venture Structure].

3.2. The Joint Venture will be managed by a [Type of Management Structure].

3.3. The Joint Venture will be governed by a [Type of Governing Body].

4. Contributions

4.1. The Developer will contribute the following to the Joint Venture:

[Developer Contribution 1]
[Developer Contribution 2]
[Developer Contribution 3]

4.2. The Landowner will contribute the following to the Joint Venture:

[Landowner Contribution 1]
[Landowner Contribution 2]
[Landowner Contribution 3]

5. Profit Sharing

5.1. The profits from the Project will be shared between the Developer and the Landowner in the following ratio: [Profit Sharing Ratio].

5.2. The profits will be distributed after all expenses and costs associated with the Project have been paid.

6. Management

6.1. The Joint Venture will be managed by a [Type of Management Structure].

6.2. The [Type of Management Structure] will be responsible for the following:

[Management Responsibility 1]
[Management Responsibility 2]
[Management Responsibility 3]

7. Decision-Making

7.1. All major decisions relating to the Project will be made by the [Type of Governing Body].

7.2. The [Type of Governing Body] will require a [Majority/Unanimity] vote to approve any major decisions.

8. Term of the Joint Venture

8.1. The term of the Joint Venture will be [Term of Joint Venture].

8.2. The Joint Venture may be terminated by either party upon [Termination Conditions].

9. Dispute Resolution

9.1. Any disputes arising out of or relating to this Agreement will be settled by [Dispute Resolution Mechanism].

10. Governing Law

10.1. This Agreement will be governed by and construed in accordance with the laws of Kenya.

11. Notices

11.1. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified mail, return receipt requested, or sent by overnight courier service, addressed as follows:

If to the Developer: [Developer Name] [Developer Address]
If to the Landowner: [Landowner Name] [Landowner Address]

12. Entire Agreement

12.1. This Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.

13. Severability

13.1. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

14. Waiver

14.1. No waiver of any breach of any provision of this Agreement shall constitute a waiver of any other or subsequent breach.

15. Binding Effect

15.1. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

16. Counterparts

16.1. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

[Developer Name]

By: [Developer Representative Name]

Title: [Developer Representative Title]

[Landowner Name]

[Signature]

[Date]

Introduction
Purpose of the Joint Venture
Joint Venture Structure
Contributions
Profit Sharing
Management
Decision-Making
Term of the Joint Venture
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Waiver
Binding Effect
Counterparts

Case Laws

*1. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*2. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*3. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*4. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*5. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*6. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*7. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*8. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*9. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*10. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*11. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*12. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*13. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*14. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*15. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*16. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*17. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*18. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*19. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*20. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*21. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*22. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*23. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*24. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*25. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*26. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*27. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*28. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*29. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*30. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*31. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*32. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*33. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*34. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*35. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*36. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*37. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*38. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*39. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*40. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*41. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*42. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*43. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*44. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*45. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*46. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*47. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*48. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*49. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

*50. ** * [Case Name]

Parties: [Parties to the Case]
Outcome: [Outcome of the Case]
Relevance: [Why the Case is Relevant]
Source: [Link to the Case Law]

Sources

TLDR

This Joint Venture Agreement outlines the terms and conditions for a real estate development project between a developer and a landowner. It covers contributions, profit sharing, management, decision-making, dispute resolution, and other relevant aspects.

Conclusion

This Joint Venture Agreement is a legally binding document that outlines the terms and conditions of the joint venture between the Developer and the Landowner. It is important for both parties to carefully review the Agreement and seek legal advice before signing it. The Agreement should be tailored to the specific circumstances of the joint venture and should be drafted in a clear and concise manner.