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Can a development agreement be terminated?

Agreement does not have any termination clause. However, there is a provision of penalty of Rs. 1000/- daily if the work is not completed within 15 months. How can i legally get the development agreement terminated without having to pay to builder anything.

What is development agreement in India?

A development agreement is basically a contract between the land owner and a developer, in which the land owner agrees to provide his land to a developer who will in turn develop the land with his own investment. It means that the land owner provides the land, and the developer builds on that land.

What is agreement planning?

Planning agreements are a tool that allows planning authorities and developers to work together to deliver innovative infrastructure outcomes. Planning agreements can be negotiated at both the local and State government level.

What is a development agreement UK?

In broad terms, a development agreement is a document that regulates the relationship between property developers, funding institutions and tenants. There are various types of development agreements and the choice of which type to use will depend upon the nature and complexity of the particular transaction.

Is a development agreement a construction contract?

The Construction Act 1996 That means the development agreement is not a construction contract.

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