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difference between jv venuture or joint development


Dear All Greetings

we have 14000 sqft of plot , planning for development with a developers.

We have two options , firstly get built space as share and second take the Revenue from the flat.

We are planning to take revenue 50 % from each flats sold my develope in joint account

Kindly please let me know

1)whether it is Joint Development agreement or Joint Venture agreement.?

2) we are not putting  money in the development, its completely developers cost, we are demanding 50 % revenue from the each flat sold?

3) What shall be tax liability in this case of amount taken?

look forward for your valuable feedback .

Regards

Amu 

 

 

 

 
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Contracts Professional

In Simple terms:

 

Joint Venture = Its a Sharing Business. (Devicing the Equality rights of the Business)

Joint Development  = Its a Contributing Business. (Devicing the profitable rights of the Business)


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