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1. Parties: Identification of the landowner and developer, including full legal names, registration details, and addresses
2. Background: Context of the proposed development, brief description of the property, and parties' intentions
3. Definitions: Key terms used throughout the MOU, including Property, Development, Proposed Project, etc.
4. Purpose and Scope: Clear statement of the MOU's purpose and scope of the proposed development collaboration
5. Property Details: Detailed description of the land, including location, size, and current status
6. Development Concept: Overview of the proposed development project, including intended use and preliminary concept
7. Due Diligence: Framework for conducting technical, legal, and financial due diligence
8. Exclusivity: Terms of exclusive negotiation period between parties
9. Confidentiality: Obligations regarding confidential information exchange
10. Good Faith Negotiations: Commitment to negotiate definitive agreements in good faith
11. Duration and Termination: Term of the MOU and circumstances for termination
12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
13. Non-Binding Nature: Clear statement of which provisions are binding and non-binding
14. Notices: Process for formal communications between parties
1. Preliminary Cost Allocation: Used when parties want to outline initial understanding of cost sharing for studies and preparation work
2. Development Phases: Include when the project is likely to be developed in multiple phases
3. Joint Venture Framework: When parties contemplate forming a joint venture for the development
4. Government Approvals: When specific government permissions are crucial to project viability
5. Environmental Considerations: When the property has significant environmental aspects to address
6. Community Impact: When development affects existing communities or requires community consultation
7. Financing Framework: When preliminary financing arrangements need to be documented
8. Third Party Rights: When the property has existing tenants or other third-party interests
9. Force Majeure: When parties want to address potential extraordinary circumstances affecting the project
10. Marketing and Branding: When preliminary marketing rights and restrictions need to be established
1. Property Title Documents: Copies of title deed and property ownership documents
2. Site Plan: Preliminary plans showing the property boundaries and proposed development area
3. Concept Masterplan: Initial development concept and masterplan drawings
4. Project Timeline: Preliminary schedule for development phases and key milestones
5. Due Diligence Requirements: Detailed list of required technical, legal, and financial due diligence items
6. Existing Encumbrances: List of any existing rights, restrictions, or encumbrances affecting the property
7. Initial Financial Terms: Preliminary commercial terms and financial arrangements
8. Required Approvals: List of required governmental and regulatory approvals
9. Contact Details: Key contact persons for both parties
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