Below we will examine the main critical clauses to be included in the Joint Enterprise Agreement as follows: it is customary for the developing country to be mortgaged to finance part of the development costs and for the development agreement to be clear on whether this is permissible and, if so, how it will work. Some points to consider: 4. If one of the provisions of the aforementioned timetable is not approved by the competent authority for the inclusion in the incorporation of the common society, the parties agree to make such changes that are acceptable to the competent authority, without altering its purpose or intent, or not to amend this amendment, to take all other measures and to take other possible measures, including other possible means, to achieve the interests and purposes of provisions that may not have been accepted by that competent authority. In order to enter into a joint venture with the future counterparty, the parties can sign a Memorandum of Understanding (moU) and a Memorandum of Understanding (loI) that clarifies the basis of the future joint venture agreement. This includes an understanding of the culture and legal context of the parties. When signing a joint enterprise agreement, the following clauses must be properly considered, for example. B: the purpose and extent of the joint venture; the participation of local and foreign investors and the approval of a future capital issue; The management committee Financial rules The composition of boards of directors and administrative arrangements; Specific commitments provisions for distribution of profits; The portability of actions in different circumstances; fixing a deadlock; termination; Restrictive agreements on the company and participants; How to vote Appointment of CEO/MD; Changing control/exit clauses; anti-competitive clause; Confidentiality The compensation clause attribution; Dispute resolution Applicable law and force majeure clause. Foreign provides the joint venture with technical assistance and advice on all aspects of the operation of the facility, including, but without restriction, the universality of the above: a joint enterprise agreement, also known as a joint enterprise agreement or development agreement, is one of the most important documents in carrying out a real estate development with one or more partners. The purpose of the joint enterprise agreement is not only to document the obligations of the parties, but also to document what happens in the event of a problem.