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A development agreement is a contract where a developer agrees to construct works on behalf of another party, outlining obligations regarding cost, quality, and time, while facilitating the transfer of property interest. A development funding agreement, also known as a development finance agreement, involves interim financing provided for construction, allowing investors a fixed return on their investment. Project development agreements (PDAs) are utilized in urban regeneration, enabling government landowners to maintain control over development while allowing developers to defer payments and land acquisition. A joint development agreement (JDA) involves shared responsibilities and resources between parties for a specific project.
