Sales, Distribution and Development Agreement between Supergen, Inc. and Abbott Laboratories regarding clinical development, obtaining of regulatory approvals
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FAQ
The term 'development agreement' is often used to describe the following types of arrangements: Sale by a landowner to a developer with the landowner maintaining control over what is developed (Sale DA).a joint venture between the landowner and the developer (JV DA).
In broad terms, a development agreement is a document that regulates the relationship between property developers, funding institutions and tenants.
Subject to various statutory exclusions, the definition of a construction contract includes an agreement to provide advice on building or engineering.That means the development agreement is not a construction contract.
Project Development Agreements (PDAs) are often used in urban regeneration and other development projects; they allow the government landowner to keep control of the precinct development and allow the developer to defer payment and land acquisition.
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.The client engages with the developer, and the developer agrees to the terms laid on the contract.
A development agreement is not required to be registered. This includes all construction contracts given to a developer. However it attracts a stamp duty of 4% of the market value of the property, subject to a maximum of Rs. 4 lakhs.