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    JOINT VENTURE Agreement

    Uploaded by

    Marian Ng
    This document is a joint venture agreement between Ismael Mathay Jr. and E.A. Ygoña Construction & Development Corporation to develop a parcel of land owned by Mathay in Quezon City into a condominium project. Under the agreement, Ygoña will undertake the master planning and development work in exchange for ownership of designated condominium units and a share of common areas. Mathay and Ygoña will cooperate in developing the project and acquire ownership of units proportionate to their investment in the project. The agreement was signed and notarized.

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    © All Rights Reserved
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    JOINT VENTURE Agreement

    Uploaded by

    Marian Ng
    183 views3 pages
    This document is a joint venture agreement between Ismael Mathay Jr. and E.A. Ygoña Construction & Development Corporation to develop a parcel of land owned by Mathay in Quezon City into a condominium project. Under the agreement, Ygoña will undertake the master planning and development work in exchange for ownership of designated condominium units and a share of common areas. Mathay and Ygoña will cooperate in developing the project and acquire ownership of units proportionate to their investment in the project. The agreement was signed and notarized.

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    JOINT VENTURE Agreement.docx

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    This document is a joint venture agreement between Ismael Mathay Jr. and E.A. Ygoña Construction & Development Corporation to develop a parcel of land owned by Mathay in Quezon City into a condominium project. Under the agreement, Ygoña will undertake the master planning and development work in exchange for ownership of designated condominium units and a share of common areas. Mathay and Ygoña will cooperate in developing the project and acquire ownership of units proportionate to their investment in the project. The agreement was signed and notarized.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    183 views3 pages

    JOINT VENTURE Agreement

    Uploaded by

    Marian Ng
    This document is a joint venture agreement between Ismael Mathay Jr. and E.A. Ygoña Construction & Development Corporation to develop a parcel of land owned by Mathay in Quezon City into a condominium project. Under the agreement, Ygoña will undertake the master planning and development work in exchange for ownership of designated condominium units and a share of common areas. Mathay and Ygoña will cooperate in developing the project and acquire ownership of units proportionate to their investment in the project. The agreement was signed and notarized.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    JOINT VENTURE/DEVELOPMENT AGREEMENT

    KNOW ALL MEN BY THESE PRESENTS:

    This Joint Venture/ Development is made and executed by and between:

    ISMAEL MATHAY JR.

    , Filipino, of legal age and married to Sonya Gandionco with residence address at 123 N. Domingo, Cubao
    Quezon City hereinafter referred to as the “LANDOWNER”

    - and -

    E. A. YGOÑA CONSTRUCTION & DEVELOPMENT CORPORATION, INC.

    , a corporation duly organized and existing by virtue of the laws of the Philippines, with principal office
    address at No. 6 Diamond St. East Fairview Park Subdivision, Fairview Quezon City, represented in this
    act by its President, ELFLEDA S. YGONA

    RECITALS:

    A. LANDOWNER

    is the absolute and registered owner of a parcel of land located St. Martin De Porres/Cubao, Quezon City,
    more particularly described as Lot 4-A, block 6 of Transfer Certificate of Title No. 179033 of the Register
    of Deeds for Quezon City, containing an area of ONE THOUSAND FIVE HUNDRED AND FIFTEEN
    (1,515) SQUARE METERS, more or less, hereinafter referred to as the “Property”

    B. LANDOWNER

    desires to develop the Property into a Condominium Project, hereinafter referred to as the PROJECT
    to be composed of commercial and residential elements in accordance with the Condominium
    Development Plan to be prepared by the DEVELOPER and approved by the LANDOWNER.
    C. DEVELOPER

    has expressed its desire to invest and participate in the PROJECT by undertaking the development of the
    Property into a Condominium Project to be composed of commercial and residential elements in
    accordance with the Condominium Development Plan, more specifically by contributing the necessary
    expertise and resources for the master planning and development of and performing all development
    work for the master planning and development of and performing all development work for the PROJECT
    in consideration for acquiring ownership over specifically designated developed and saleable units in the
    Condominium Development Plan which shall be allocated to it, and a pro-rata undivided interest in the
    common areas of the PROJECT.

    D. The LANDOWNER has accepted the DEVELOPER's offer to participate in the PROJECT, and
    LANDOWNER and DEVELOPER agree to cooperate with one another for the planning and
    development of the PROJECT in consideration for each of them acquiring ownership over
    specifically designated developed and saleable units in the Condominium Development Plan
    which shall be allocated to each of them in proportion to the agreed sharing in the PROJECT,
    and a pro-rata undivided interest in the common areas of the PROJECT.
    SIGNED IN THE PRESENCE OF:

    _______________ ______________
    Witness                                   Witness

    ACKNOWLEDGMENT

    Republic of the Philippines)


    City of Quezon City                   ) S.S.

    BEFORE ME, a Notary Public, for and in the City of Quezon City, this 2023 personally
    appeared:

                             Name                       Identification Card        Issued On/At

                 ISMAEL MATHAY JR. SSS I.D. No. 123          1-1-11/Makati


                 ELFLEDA S. YGONA SSS I.D. No. 222          2-1-11/Makati
                 Juan Santos                     SSS I.D. No. 444           4-1-11/Makati 
                 Rey Santos                           SSS I.D. No. 555          5-1-11/Makati

    all known to me to be the same persons who executed the foregoing instrument and
    hereby acknowledged to me that the same is their free and voluntary act and deed.

          This instrument consisting of two (2) pages, including this page on which this
    acknowledgment is written refers to a JOINT VENTURE/DEVELOPMENT AGREEMENT and has
    been signed by the parties and their witnesses and sealed with my notarial seal.

                   WITNESS MY HAND AND NOTARIAL SEAL.

    Doc. No. ____


    Page No. ____
    Book No. ____
    Series of 2023.

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