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A development agreement is a contract between a developer and another party for procuring construction work, outlining obligations related to cost, quality, and time, along with property interest transfer. A development funding agreement, also known as a development finance agreement, involves a financing party providing interim funding for construction, allowing investors to earn a fixed return. Project development agreements (PDAs) are used in urban regeneration projects, enabling government landowners to maintain control while allowing developers to defer payment and land acquisition. Joint development agreements (JDAs) involve shared land ownership and responsibilities between parties for a project's development.
