Importance of a Shared Driveway Agreement Template
Business trends indicate that more and more architecture and construction companies are undergoing global expansion. To increase efficiency, reduce overhead, and be competitive, companies are merging, or forming consortiums (partnerships), with others in the construction industry. Construction businesses are entering each other’s markets (often overseas) and globalizing their operations. A comprehensive shared driveway agreement template is a must-have document for every business of this nature.
A shared driveway agreement template is critical to protecting companies from legal liability, or otherwise disastrous consequences. A shared driveway agreement template allows two or more property developers to collaborate on a construction project in an effort to simplify costs while working on shared land. A shared driveway agreement template will require no more than the minimum required by law, unless otherwise needed for particular land or building issues. It simplifies the process of drafting a legally binding agreement by giving clauses that are versatile and customizable to various needs and situations.
Companies that form consortiums and manage large scale constructions projects in foreign countries will need a shared driveway agreement template to facilitate working on the same land during construction. For example, if an architect is involved in the construction of a downtown skyscraper it will need a shared driveway agreement template to use while working on the same plot of land with other companies such as contractors, and surveyors.
In order to draft a shared driveway agreement template that is useful and appropriate to your construction company, you must consult experienced lawyers familiar with the laws that govern other countries. A quick search online may produce information that will seem helpful, but which may be misleading, or simply wrong. Shared driveway agreements will specify the intent of the two parties. If the intent of the parties is to remain separate entities after the construction project is complete, they will agree to a service agreement or license as opposed to a lease arrangement.
Approaching an attorney experienced in drafting these complex agreements will reduce radical, or unintended costs of future disputes. A shared driveway agreement template will include a clause making the lawyers for both parties the arbitrators of disputes that may arise between the parties. A shared driveway agreement will require a lawyer to draft the proper clauses to the agreement so that any disputes will be solved time, and cost effectively.
If you are looking to expand your business globally, or integrate operations with another company in the construction industry, you need a shared driveway agreement template. It will eliminate potential disagreements over property rights between you, and the entities you are working with abroad. Consult an experienced attorney that has worked on similar projects before. It will ensure that you are ready to begin working immediately on the project while avoiding potentially costly mistakes.
