The Joint Development Agreement Between Landowner And Builder is a crucial document in Singapore's real estate development sector, used when a landowner wishes to develop their property in partnership with a construction company or developer. This agreement, governed by Singapore law, defines the parties' respective rights, obligations, and commercial arrangements, including profit sharing, development specifications, and regulatory compliance requirements. It incorporates provisions aligned with Singapore's Building Control Act, Planning Act, and other relevant legislation, while addressing key aspects such as construction timeline, quality standards, and dispute resolution mechanisms.
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Key Requirements PROMPT example:
Joint Development Agreement Between Landowner And Builder
"I need a Joint Development Agreement Between Landowner And Builder for a mixed-use commercial project in Singapore's Central Business District, with specific provisions for green building certification and a 70-30 profit sharing arrangement in favor of the landowner."
1. Parties: Identification and details of the Landowner and Builder, including registration numbers and registered addresses
2. Background: Context of the development project, property details, and intention of parties to enter into joint development
3. Definitions: Key terms used throughout the agreement including Development, Property, Works, Completion Date, etc.
4. Project Scope: Detailed description of the development project, specifications, and deliverables
5. Rights and Obligations: Respective responsibilities of Landowner and Builder
6. Development Timeline: Construction schedule, milestones, and completion dates
7. Financial Terms: Cost sharing, payment terms, profit sharing arrangements
8. Approvals and Compliance: Responsibilities for obtaining permits and ensuring regulatory compliance
9. Default and Termination: Events of default, remedies, and termination provisions
10. Dispute Resolution: Process for handling disputes including mediation and arbitration
1. Marketing and Sales: Terms regarding property marketing and sales arrangements for residential developments
2. Environmental Provisions: Specific environmental commitments and green building requirements for projects involving green certification
3. Force Majeure: Provisions for unforeseen circumstances affecting project execution
4. Insurance: Specific insurance requirements beyond standard coverage for special project arrangements
1. Property Description: Detailed legal description of the development property including title details
2. Development Plans: Architectural drawings, floor plans, and specifications
3. Construction Schedule: Detailed timeline of construction phases and milestones
4. Cost Schedule: Breakdown of development costs and payment schedule
5. Permits and Approvals: List of required regulatory approvals and their status
6. Quality Standards: Specific quality requirements and acceptance criteria
7. Form of Warranties: Template warranties for construction work and materials
8. Power of Attorney: Template power of attorney document if required for specific actions on behalf of either party
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