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Set up a partnership to develop and build a commercial office and retail project with this Land Development Partnership Agreement for the Province of Alberta.The parties to the Agreement are the owner of the land to be developed, and a managing partner (the Operator) who will be lending money to the project. Provisions of the agreement include: additional partners may be brought on if deemed necessary by the parties; apportionment of revenues and expenses between the parties; Operator will advance sufficient funds to the partnership which will be lent to the owner interest-free for demolition and to secure surrender of existing leases; details of Operator's compensation for managing development, construction and completion of the project; procedure for advances made to the partnership by a partner; buy-sell provisions which give the other partners a right of first refusal to purchase the interest of a departing partner; disposal of partnership assets on termination or dissolution. This Alberta Land Development Partnership Agreement is provided in MS Word format and is fully editable.