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A development agreement is a contract where a developer agrees with another party to procure construction work, detailing obligations related to cost, quality, and timeline, along with property interest transfer. A development funding agreement, or forward funding agreement, provides interim financing for construction, allowing investors to earn fixed returns. Project development agreements (PDAs) are utilized in urban regeneration projects, enabling government landowners to maintain control over development while allowing developers to defer payment and land acquisition. Joint development agreements (JDAs) involve collaborative arrangements in development projects.
