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A development agreement involves a developer and another party, outlining the terms for constructing works, including obligations for cost, quality, and time, along with property interest transfer. A development funding agreement, or forward funding agreement, is designed for interim financing during construction, providing investors with a fixed rate of return. Project development agreements (PDAs) are used in urban regeneration projects, allowing government landowners to maintain control while enabling developers to defer payment and land acquisition. Lastly, a joint development agreement (JDA) involves collaborative planning and construction efforts between multiple stakeholders.
