Joint Development Agreement
4.8
129 - Reviews
Joint Development Agreement
148 People purchased
Joint Development Agreement
4.5 (129 - Reviews)
148 People purchased
How It Works
Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time
Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time
Joint Development Agreement
In a Joint Development Agreement (JDA), a landlord contributes his land for the construction of a real estate building and the developer undertakes the responsibility for the development of property, obtaining approvals, licences launching, and marketing the project. Joint Development Agreement between landlord and owner shall be registered in the court of law under Section 53A of the Transfer of Property Act. There are various legal issues in joint development agreements which will surely be taken care of by a team of experts.
Key Points
- Lump sum consideration
- Percentage of sales revenue, or
- A certain percentage of the newly constructed project on the said piece of land
- Ability of party(s) to transfer or sublet the agreement.
- Warranties, if any
- Confidentiality and non-disclosure provisions
- Indemnity
- Remedies and enforcement of same
- Ability to terminate agreement
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