Contribution and Indemnity Agreement Between Real Estate Joint Venture Parties | Practical Law

Contribution and Indemnity Agreement Between Real Estate Joint Venture Parties | Practical Law

A contribution and indemnity agreement between the creditworthy principals or affiliates of the members in a real estate joint venture JV. It sets out the contribution obligations of each party if one or more parties must make a payment under any guaranties delivered to a mortgage lender secured by the JV's property. This Standard Document has integrated notes with important explanations and drafting and negotiating tips. While contribution agreements are generally governed by state law, this jurisdictionally-neutral template is useful and relevant in every state.

Contribution and Indemnity Agreement Between Real Estate Joint Venture Parties

Practical Law Standard Document w-002-5786 (Approx. 23 pages)

Contribution and Indemnity Agreement Between Real Estate Joint Venture Parties

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A contribution and indemnity agreement between the creditworthy principals or affiliates of the members in a real estate joint venture JV. It sets out the contribution obligations of each party if one or more parties must make a payment under any guaranties delivered to a mortgage lender secured by the JV's property. This Standard Document has integrated notes with important explanations and drafting and negotiating tips. While contribution agreements are generally governed by state law, this jurisdictionally-neutral template is useful and relevant in every state.