North Dakota Joint Marketing and Development Agreement
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FAQ
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.
Related Definitions Disposition and Development Agreement (DDA) means an agreement that sets forth requirements for the sale, lease, exchange acquisition, or disposal of real property owned by the Agency, where a specific type of project is developed.
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.
Land development is a multifaceted process that comprises the assessment, preparation, engineering, and construction of developments on a piece of land based on codes and regulations set by the municipality and regulatory agencies.
A development agreement is a legally binding contract between a property owner or developer and a local government, often including terms not otherwise required through existing regulations.
A joint marketing agreement is a contract between two or more parties in which at least one party agrees to collaborate on promoting the other's offerings. Joint marketing agreements are sometimes called co-marketing agreements or co-branding agreements.
Forward funding agreements (also known as Development Finance Agreements) are arranged when someone bankrolling the construction of a building provides interim finance to enable development to take place. It allows investors to gain access to a fixed return on their investments.
The Construction Act 1996 That means the development agreement is not a construction contract.
Joint Development Agreement (JDA) It is an arrangement between the Land owner and the Builder/Developer, where the Land owner contributes his land and the Developer takes the full responsibility of obtaining approvals, construction, launching and marketing the project with the help of financial resources.
The development services agreement is a contract between the client and the service provider. It outlines all of the responsibilities each party has, including payments for work completed and termination procedures if necessary. A development services agreement is sometimes called a DSA.