New Year, New Venture

Joint ventures are commonly formed between two or more entities for purchasing, developing, and managing real property. Parties to the joint venture usually enter into a written agreement allocating and sharing the associated responsibilities, liabilities, expenses, and profits. A well-negotiated joint venture agreement also contemplates the eventual sale of the project and related exit strategies. Check out this forced sale clause for use in a 90/10 real estate joint venture agreement allowing a joint venture member to force a property sale.

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Related Content

• Real Estate Joint Ventures
  Read this practice note for an overview of joint ventures in real estate acquisitions and developments including key components of a joint venture agreement, such as provisions addressing capital contribution obligations, management structures, defaults, and remedies.

• Joint Venture Operating Agreement Drafting Checklist
  Refer to this real estate joint venture drafting checklist for important issues to consider prior to drafting a real estate joint venture agreement, including the selection of the entity and members, capital contributions and third-party financing, and distribution of profits.

• Real Estate Joint Venture Resource Kit (90/10 Real Estate Joint Venture)
  Use this resource kit for guidance on drafting 90/10 real estate joint venture agreements, which includes links to practice notes, checklists, templates, and clauses.

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