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Joint Venture and Land Development Agreement | 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 Canada.
- 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.
- Available in MS Word format.
- Intended to be used only for land development in Canada.
$29.99
Ontario Joint Venture Agreement
Establish a joint venture in Ontario with this template Joint Venture Agreement.
- One of the co-venturers will be responsible for management of the joint venture, and will be paid a management fee for providing such services.
- No co-venturer may transfer their interest without the consent of the other venturers, except if he/she dies, when their interest will automatically pass to their spouse or children.
- Each co-venturer has a right of first refusal and piggyback rights on the interest of the other parties, in the event of a sale or transfer.
- Any co-venturer may exercise a shot-gun (buy-sell) provision with respect to the interest of another co-venturer.
- This legal form is available as a downloadable Microsoft Word file which is fully editable to meet your needs.
- Intended for use in the Province of Ontario, Canada.
$29.99