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A development agreement is a contract where a developer agrees to construct works on behalf of another party, detailing obligations regarding cost, quality, and time, along with the transfer of property interest. A development funding agreement, or forward funding agreement, is a financial arrangement where investors provide interim financing for construction, allowing them to earn a fixed return. Project development agreements (PDAs) are utilized in urban regeneration and other projects, enabling government landowners to retain control over development while allowing developers to defer payments and land acquisition. Joint development agreements (JDAs) pertain to collaborative land development efforts between entities.
