Development agreement

A development agreement usually includes information regarding obligations, compensation, and how costs shall be distributed. If Client sells its business to a third party, such consent by Developer will not be unreasonably withheld. Client will reimburse Developer for the cost of any development software or commercial software libraries that Developer deems necessary to complete the Work, subject to approval by Client.

Notices delivered personally will be deemed communicated as of actual receipt. There are a number of other provisions typical of a forward funding agreement, but those are for another day. We have millions of legal documents and clauses that you can search for free. The Parties may execute this Agreement in multiple counterparts, each of which constitutes an original as against the Party that signed it, and all of which together constitute one agreement.

Development agreement the purchaser will be an institutional investor, such as a pension fund, in which case this will normally be done in conjunction with the putting in place of a pre-let agreement between the developer and a prospective tenant.

The second the build agreement will contain the development and other obligations. Developer shall not be responsible for delays or failures in performance resulting from acts beyond the control of Developer, including, without limitation, acts of God, strikes, riots, acts of war, epidemics, fire, communication and power line failures, earthquakes, and hurricanes.

Redmond Development Agreement with Group Health Cooperative - Approving development agreement for property owned by Group Health to turn into a planned mixed use development with 1.

Forward Funding Agreement Lastly there is the forward funding agreement, where the purchaser also provides the finance to cover the development costs as the project moves forward.

Development Agreement

Examples of Development Agreements Smaller Projects Gig Harbor Development Agreement - A particularly useful template for a development agreement in Washington Bellevue Draft WR-SRI th LLC Development Agreement - Phased master development plan for 36 acre mixed use "catalyst" project located in area targeted for revitalization and future light rail service Issaquah Highlands Drive Transit Oriented Development Agreement - Agreement for unit transit oriented development project with affordable housing Mill Creek Development Agreement for Town Center, Phase III - Nicely done, well organized agreement to assure development of a site consistent with the town center master plan Redmond Development with Microsoft Corporation - Development of a secondary Microsoft campus in an area subject to a building square footage cap.

All payments made to Developer under this Agreement must be in United States currency. This page provides an overview of development agreements for local governments in Washington State, including examples from various cities and counties.

Kramer Levin Document Date: Local jurisdictions must hold a public hearing prior to approving a development agreement and may only impose impact feesdedications, mitigation measures, and standards as authorized by other laws. Under a forward purchase agreement, the investor pays the price on completion of the development, with the developer funding the construction costs itself, either from its own resources or using loan finance which can be repaid out of the sale proceeds.

The incorporation of a worked example can be very helpful, particularly where the calculation is complex. Overview A development agreement is a voluntary contract between a local jurisdiction and a person who owns or controls property within the jurisdiction, detailing the obligations of both parties and specifying the standards and conditions that will govern development of the property.

Product Development Agreement This agreement (the Agreement) is made and entered into by and between Client and Enhance Product Development, Inc. (hereafter referred to as Enhance).

Development Agreements

In consideration of the mutual covenants made herein, the parties agree as follows. Development Agreement [Amendment No. 2] - Janssen Pharmaceutica International, Medisorb Technologies International and Alkermes Controlled Therapeutics Inc.

Software Development Agreement

II (Mar 8, ) Joint Development and License Agreement - The 3DO Co. and Cirrus Logic Inc. (Feb 29, ).

Development Agreements - Some Basics

This mobile application development agreement shall become effective as of the agreement date and will continue until all services are completed and approved by the Company or termination is requested by either party. Termination. WHEREAS, a development agreement must set forth the development standards and other provisions that shall apply to, govern and vest the development, use and mitigation of the development of the real property for the duration specified in the.

Development agreements deal only with regulatory approval for development and cannot, in and of themselves, affect a local government’s jurisdiction. A development agreement can only be adopted by a local government with jurisdiction for the area affected by the agreement.

As development agreements are commercially driven, the key to drafting an effective development agreement is to ensure that it reflects the commercial imperatives of the parties, while not inadvertently triggering the application of laws and levies which jeopardise the project’s feasibility.

Development agreement
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Development Agreement, Development Contracts - Free Legal Documents (page 1 Of 32)