Sarah Wigington and Caroline Carter write for Property Week on joint venture contracts
The market is tough for development joint ventures (JVs) and parties are looking at contracts more closely than ever. But despite challenging economic conditions, rising interest rates and the high cost of materials, the market is resilient.
In an article for Property Week, Sarah Wigington, Partner, and Caroline Carter, Senior Associate, outline five key clauses that parties should try to build into their property JV contracts:
- Business Planning
- Funding
- Distributions waterfall
- Deadlock resolution
- Default
Read the full article in Property Week here.
