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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, and often includes provisions for property interest transfer. Development funding agreements (DFAs) provide interim financing for construction, allowing investors to earn a fixed return on their investment. Project development agreements (PDAs) are utilized in urban regeneration, enabling a government landowner to maintain control over developments while permitting developers to defer payments and land acquisition. Joint development agreements (JDAs) typically facilitate similar arrangements, providing a framework for collaborative development efforts.
