Joint Venture Agreement
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Table of Contents
RECITALS
(k) Costs
0.00 INTERPRETATION
0.01 Definitions
0.01.01 Agreement
0.01.02 Best Effort
0.01.03 Breach
0.01.04 Change in Control
0.01.05 Client
0.01.06 Common Expenses
0.01.07 Common Tasks
0.01.08 Confidential Information
0.01.09 Construction Contract
0.01.10 Construction Manager
0.01.11 Contribution
0.01.12 Cost of the Work
0.01.13 Delivery Slip
0.01.14 Encumber or Encumbrance
0.01.15 Financial Year
0.01.16 Force Majeure
0.01.17 General Manager
0.01.18 Intellectual Property
0.01.19 Joint Venture
0.01.20 Joint Venture Interest
0.01.21 Law
0.01.22 Legal Representatives
0.01.23 Management Committee
0.01.24 Net Distributable Income
0.01.25 Outside Contractor
0.01.26 Person
0.01.27 Plans and Specifications
0.01.28 Portion of the Tasks
0.01.29 Prime Rate
0.01.30 Project
0.01.31 Proportionate Value
0.01.32 Proposal
0.01.33 Proposal Manager
0.01.34 Purchase Order
0.01.35 Representative
0.01.36 Request for Proposals or RFP
0.01.37 Reserved Tasks
0.01.38 Schedule of Payments
0.01.39 Scope of Work
0.01.40 Site
0.01.41 Site Manager
0.01.42 Subcontractor
0.01.43 Subsidiary
0.01.44 Supplier
0.01.45 Tasks
0.01.46 Work
0.02 Precedence
0.02.01 Entire Agreement
0.02.02 Conflicts of interpretation
0.03 Jurisdiction
0.03.01 Governing Law
0.03.02 Non-compliance
(a) Severability
(b) Substitute Provision
0.04 Miscellaneous
0.04.01 Cumulative Rights
0.04.02 Time and Dates
(a) Time of the Essence
(b) Computation of Time
(c) Delays
0.04.03 Financial References
0.04.04 References within Agreement
0.04.05 Gender and Number
0.04.06 Headings
0.04.07 Presumptions
0.04.08 Knowledge
0.04.09 Approval
0.04.10 GAAP
1.00 JOINT VENTURE
1.01 Pooling of Resources
1.02 Name
1.03 Business
1.04 Capital
1.05 Head Office
1.06 Financial Year
2.00 RULES GOVERNING THE JOINT VENTURE
2.01 General Management
2.01.01 Governance
2.01.02 Appointment
2.01.03 Job Description
2.01.04 Replacement
2.01.05 Compensation
2.01.06 Disclosure of Agency
(d) Duty of General Manager
(e) No Authority to Bind
2.01.07 Service Agreement
2.02 Management of the Proposal
2.02.01 Proposal Manager
2.02.02 Job Description
2.02.03 Submission Manager
2.02.04 Tasks Meeting
2.02.05 Decisions
2.03 Management Committee
2.03.01 Function and make-up
2.03.02 Eligibility
2.03.03 Meetings
2.03.04 Decisions
2.03.05 Conflict of Interest
2.03.06 Presumption
2.04 Management of the Work
2.04.01 Site Manager
2.04.02 Job Description
2.04.03 Construction Manager
2.04.04 On-site Meetings
2.04.05 Decisions
2.05 Common Funds
2.06 Financial Management
2.06.01 Books and Records
2.06.02 Banking Arrangements
2.06.03 Budget
2.06.04 Separate Accounts
2.06.05 Operating Credits
2.06.06 Monitoring of Invoices Received
2.06.07 Invoicing of the Tasks
2.06.08 Collection and Distribution
2.06.09 Accounting
2.06.10 Completion of the Tasks
2.07 Representation
2.07.01 Representative
2.07.02 Authorization
2.07.03 Borrowing
3.00 RULES GOVERNING THE MEMBERS
3.01 Confidential Information
3.01.01 Acknowledgement
3.01.02 Scope of Disclosure
3.01.03 Exclusive Property
3.01.04 Prohibition
3.01.05 Need-to-Know Basis
3.01.06 Protection
3.01.07 Identification
3.01.08 Copying
3.01.09 Non-disclosure
(a) Undertaking
(b) Exception
3.01.10 Prohibition as to Use
3.01.11 Completion of Tasks
3.02 Good Faith
3.03 Resources
3.03.01 Availability
3.03.02 Default
3.04 Management of the Proposal
3.04.01 Exclusive Rights
3.04.02 Allocation and Timetable
3.04.03 Resources
3.04.04 Expenses
3.04.05 Cooperation
3.04.06 Particulars
3.04.07 Security in respect of the Proposal
3.04.08 Price
3.04.09 Preparation
3.04.10 Presentation
3.04.11 Negotiations
(a) Committee
(b) Spokesperson
(c) Limitations
(d) Dissenting MEMBER
3.04.12 Awarding of the Construction Contract
(a) Execution
(b) Acknowledgement
3.05 Management of the Work
3.05.01 Building Codes and Statutes
3.05.02 Site Security
3.05.03 Permits
3.05.04 Labour Laws
3.05.05 Undertaking by the MEMBERS
3.05.06 Support
3.05.07 Cooperation
3.05.08 Information
3.05.09 Allocation of the Tasks
3.05.10 Disputes
3.05.11 Materials used
3.05.12 Environment
3.05.13 Protection of the Site
3.05.14 Timetable
3.05.15 Amendments
3.05.16 Changes
3.05.17 Inspection
3.05.18 Encumbrances
3.05.19 Force Majeure
3.05.20 Delay
(a) Justification
(b) Forced Withdrawal
(c) Damages
3.05.21 Liability
(a) Limitation
(b) Tasks
3.05.22 Negligence
3.05.23 Clean-up
3.05.24 Completion of the Tasks
3.06 Financial Management
3.06.01 Common Expenses
3.06.02 Tasks and Materials
3.06.03 Management of the Specific Account
(a) Contribution
(b) Excess Amount
3.06.04 Operating Credits
3.06.05 Financing
3.06.06 Invoicing
3.06.07 Collection
3.06.08 Taxes
(a) Individual Responsibility
(b) Undertaking
3.06.09 Distribution of Losses
3.06.10 Profits
3.06.11 Termination of the Agreement
3.07 Liability issues
3.07.01 Common Work
3.07.02 Reserved Work
3.07.03 Penalties
3.07.04 Residence
3.07.05 Claim
3.07.06 Procedure
3.07.07 “Loss”
3.08 Insurance
3.08.01 Coverage
3.08.02 Duration
3.08.03 Proof of coverage
3.08.04 Beneficiaries
3.08.05 Deductible
3.09 Performance Bonds
3.10 Subcontractor
3.11 Human Resources
3.12 Protection of the Joint Venture
3.12.01 Non-competition
(a) Scope
(b) Penalty
3.12.02 Non-solicitation of Staff
(a) Undertaking
(b) Penalty
3.13 Intellectual Property
3.13.01 Undertaking
3.13.02 Mutual License
3.13.03 Enhancement
4.00 MUTUAL REPRESENTATIONS AND WARRANTIES
4.01 Status
4.02 Authority
4.03 Binding Agreement
4.04 Permits
4.05 Resources
4.06 Legal Proceedings
4.07 Disclosure
5.00 WITHDRAWAL OF A MEMBER
5.01 Voluntary
5.01.01 Right
5.01.02 Indemnification
(c) By Withdrawing MEMBER
(d) By Remaining MEMBERS
5.02 Total Withdrawal
5.03 Expulsion
5.03.01 Events
5.03.02 Decision-making Power
5.03.03 Control
5.03.04 Equipment
5.03.05 Tasks
5.03.06 Liability
6.00 THIRD-PARTY OFFER TO PURCHASE
6.01 Application
6.02 Validity of Offer
6.03 Notice of Acceptance and Disclosure of the Third-Party Offer
6.04 Reply of the Other MEMBERS
6.04.01 Notice of Intent
6.04.02 Deemed Acceptance
6.04.03 Final Notification
6.05 Refusal
6.06 Closing Session
6.07 Amendment/Variation of the Offer
7.00 DEATH OF A MEMBER
7.01 Status
7.02 Deemed Sale Subject to a Condition Precedent
7.03 Terms of Payment
7.03.01 Initial Amount
7.03.02 Balance
7.03.03 Interest
7.03.04 Promissory Note
7.03.05 Collection Costs
7.03.06 Expiry of Term
7.03.07 Prepayment
7.03.08 Joint and Several Liability
7.03.09 Acceleration of Payment
7.04 TWO (2) Deaths Within SIXTY (60) Days
7.05 Protection of the Estate
7.05.01 Share of Net Distributable Income
7.05.02 Indemnification
7.05.03 Release
7.05.04 Precedence
8.00 VALUATION OF THE PROPERTY
8.01 Value
8.02 Initial Value
8.03 Current Value
8.03.01 Reassessment by the MEMBERS
8.03.02 Dissent
8.04 Alternative Valuation
8.05 Prohibition
8.06 Reassessment
8.06.01 Liability
8.06.02 Options
9.00 FINANCING
9.01 Life Insurance Policies
9.01.01 Initial Underwriting
9.01.02 Subsequent Underwritings
9.02 Duties of MEMBERS
9.02.01 Payment of Premiums
9.02.02 Prohibition
9.02.03 Additional Protection
(e) Increase in Amount
(f) Disclosure
9.02.04 Amendment of Policies
9.02.05 Sale upon Death
(g) Loss of Insurance Proceeds
(h) Ownership of Excess Amounts
9.03 Sale of Joint Ownership Interest
9.04 End of Agreement
9.05 Winding-up of the Joint Venture
9.05.01 Recovery of Cash Surrender Value
9.05.02 Option to Keep
9.05.03 Responsibility for Premiums
10.00 ESCROW AGENT
10.01 Appointment
10.02 Duties
10.02.01 Custody
10.02.02 Liability
10.03 Termination of Agreement
11.00 SPECIAL PROVISIONS
11.01 Assignment
11.01.01 Prohibition
11.01.02 Effect of Breach
11.01.03 Exception
11.02 Force Majeure
11.02.01 No Default
11.02.02 Duty
11.02.03 Rights of Other PARTY
11.03 Relationship
11.03.01 Independent Contractors
11.03.02 No Control over Performance
11.03.03 No Authority to Bind
11.04 Further Assurances
11.05 Other Remedies
11.05.01 Choices
11.05.02 No Limitations
11.06 Limitations on Actions
12.00 GENERAL PROVISIONS
12.01 Notices
12.02 Dispute Resolution
12.02.01 Good Faith Negotiations
12.02.02 Mediation
12.02.03 Arbitration
(i) Jurisdiction
(j) Ruling(k) Costs
12.03 Choice of Venue
12.04 Counterparts
12.05 Amendment
12.06 Waiver of Rights
12.07 Electronic Transmission
13.00 TERMINATION
13.01 Events
13.02 Premature Termination
13.03 Performance of the Agreement
13.04 Survival of Duties and Obligations
14.00 EFFECTIVE DATE
14.01 Retroactivity
14.02 Execution
14.03 Deferral
15.00 DURATION
15.01 Completion of Tasks
15.02 Survival
16.00 SCOPE
SCHEDULE A (1, 2, 3) – EXCERPT OF THE RESOLUTION OF MEMBER A, B OR C
SCHEDULE 0.01.06 – COMMON EXPENSES
SCHEDULE 0.01.11 - CONTRIBUTION
SCHEDULE 0.01.36 – REQUEST FOR PROPOSALS OR RFP
SCHEDULE 2.01.07 – SERVICE AGREEMENT
SCHEDULE 2.05 – COMMON FUNDS
SCHEDULE 3.03 – LEASING AGREEMENT
SCHEDULE 3.05.09 – ALLOCATION OF TASKS
SCHEDULE 3.05.14 - TIMETABLE
SCHEDULE 3.09 – PERFORMANCE BONDS, MATERIALS AND MANPOWER BONDS
SCHEDULE 8.01 - VALUE OF THE JOINT VENTURE INTERESTS
SCHEDULE 9.01.01 - LIFE INSURANCE
SCHEDULE 10.01 - INTERVENTION OF THE ESCROW AGENT
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