Alberta Land Development Partnership Agreement

Bring on a new partner to an Alberta land development partnership with this Admission Agreement.

• This Admission Agreement would be used to admit a new partner into a partnership which was formed for the purpose of constructing and developing a commercial office and retail project on land owned by one of the partners.
• Provisions of the Admission Agreement include:
  • capital contribution to be made by the new partner;
  • covenants, representations and warranties of each of the parties;
  • cash distributions and repayments to be made to original partners at the time of the new partner's buy-in;
  • amendments to be made to the original Partnership Agreement, including allocation of partnership profit or loss;
  • a management committee appointed by the partners will be responsible for managing and operating the partnership affairs.
• This template is in MS Word format and is fully editable to fit your circumstances.
• Intended to be used in the Province of Alberta, Canada.

Prepare the forms needed for an annual meeting of the co-owners / investors in a land development project with this downloadable package of templates for Alberta.

• Each of the co-owners is a registered owner and holds an undivided interest in the land comprising the development. This package of forms contains:
  • Form of Proxy which allows a co-owner to appoint a proxy to vote at the meeting if he/she is unable to attend,
  • Notice of Meeting of Co-Owners, setting out the business to be conducted at the meeting,
  • Information Circular / Annual Report prepared by the agent for the co-owners.
• Available in MS Word format.
• Intended to be used only in the Province of Alberta, Canada.

Set up a joint venture between a land developer and a land owner to develop a property with this Joint Venture and Land Development Agreement for Canadian projects.

• The Agreement dictates how the parties will develop, construct and market a major project on the subject property.
• The parties will incorporate a new corporation to hold the land as bare trustee on behalf of the joint venture.
• The trustee corporation will be managed by the land developer.
• The parties are not partners, agents or legal representatives of each other.
• The parties agree not to resort to any action to partition the property.
• All listing and sale prices will be mutually determined by both parties.
• Each party has a right of first refusal to purchase the other party's interest.

A joint venture to develop land is a major undertaking and the underlying agreement needs to address all of the salient issues. Get this Canada Joint Venture and Land Development Agreement for your project.