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Development agreements are contracts approved by the Planning Commission and Board of Supervisors entered into by the City and a developer to expressly define a development project's rules, regulations, commitments, and policies for a specific period of time.
Predevelopment Agreement means each agreement by and between ODOT and a Developer, which provides the framework for the Developer to collaborate with ODOT for the conceptual, preliminary and final planning for a project, along with performance of certain services relating to development of the project.
A joint development agreement is a legal contract that sets the terms between two or more parties working together to develop a new product or technology. This type of agreement addresses the joint nature of the parties' collaboration on the research and development of potentially patentable intellectual property.
A development contract is a binding agreement that involves the developer company and the client company. It binds them to adhere to the contract requirement. Ina nutshell, the developer and the client each has a role to play for a successful business contract as stated in the signed agreement.
They can be between businesses or individuals, such as two people writing a book together. Project collaboration agreements don't form a joint venture or partnership. Instead, they legally bind two parties together to achieve a common goal.