Real Estate Joint Ventures for Commercial Real Estate Development A Lexis Practice Advisor® Practice Note by J. Andrew Crossett and Samantha Maerz, Husch Blackwell LLP J. Andrew Crossett Samantha Maerz This practice note discusses the reasons parties enter into real estate joint ventures for the development of commercial real property, how to form a real estate joint venture, the importance of a robust joint venture agreement, key terms of which to be aware, and drafting tips related to such terms. For additional information on the formation of real estate joint ventures, see Joint Venture Formation: Basic Forms of Joint Ventures ...
AGREEMENT REGARDING DISSOLUTION OF JOINT VENTURE This agreement is entered into effective as of May 1, 2006, by and between BWC Real Estate, a California corporation ("BWCRE") and Simonich Corporation, a California corporation ("Simonich"). RECITALS BWCRE and Simonich entered into a joint venture agreement in 1994, amended June 13, 1995, and amended and restated as of April 1, 2002 (collectively the "JV Agreement"). Pursuant to the JV Agreement, the parties entered into a joint venture under the name "BWC Mortgage Services" (the "Joint ...