As a part of our commercial real estate practice at Caiaccio Law Firm, we assist clients in entity creation as well as the drafting and negotiation of partnership and joint venture agreements. Recent developments in the law, particularly in the area involving limited liability companies, have changed the way real-estate partnerships are structured. While these developments allow greater flexibility in the structuring of entities, this flexibility creates a need for detailed drafting.
Because each deal structure is unique, the organizational documents for a partnership entity should be custom tailored. Caiaccio Law Firm has extensive experience in drafting and negotiating operating and joint venture agreements in a variety of different business structures.
Among the issues which should be addressed and articulated in a real estate partnership or joint venture are the following:
• Terms of Capital Contributions
• Distributions and Allocations of Profits and Losses
• Preferred Returns to equity investors
• Management and voting rights
• Buy-Sell Agreements