Adulteration in food industry
Concept
1. It is a partnership between the landowner and the developer wherein the former contributes his rawland while the latter undertakes and finances all the costs to convert the land into a finished homesite.
2. On the part of the landowner, joint venture is resorted to when he does not have the funds or cannot secure financing for the development of the project. On the part of the developer, joint venture is an option to avoid the cost of site acquisition.
Obligations Of Landowner
1. Make available the title, tax declaration, and other documents to enable the developer to prepare the plans, procure government approvals, and implement the development.
2. Not to sell, encumber, or otherwise dispose of the land without the knowledge and consent of the developer.
3. Assign to the developer the lots/units pertaining to the latter, in case sharing is by allocation of lots/units.
