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A development agreement is a contract in which a developer commits to procuring construction works for another party, covering obligations regarding cost, quality, and time, along with property interest transfer. A development funding agreement provides interim financing for construction, offering investors a fixed return on their investments. Project development agreements (PDAs) are commonly used in urban regeneration, allowing government landowners to maintain control over development while enabling developers to defer payment and land acquisition. Additionally, joint development agreements involve collaboration between parties to manage the development of property.
