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A development agreement is one where a developer agrees to construct works on behalf of another party, with obligations on cost, quality, and time. It involves transferring an interest in the property. Development funding agreements, also known as forward funding agreements, provide interim financing for construction. Project development agreements (PDAs) are used in urban projects, allowing the landowner to maintain control while the developer defers payment for land acquisition. Joint Development Agreement (JDA) involves development of land through a partnership.
