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A development agreement is a voluntary contract between a local authority and a person who owns or controls property within the authority that spells out both parties' responsibilities as well as the criteria and conditions that will govern the property's development. Although the Business Agreements are voluntary, they bind the participants and their successors once signed. A development agreement ensures the developer that the project's development restrictions will not change during the course of the agreement. Conditions to mitigate project impacts, as well as clarification on project phasing and timing of public improvements, may be required by the city or county. Development agreements are sometimes combined with planned unit developments (PUDs) to establish a binding PUD agreement that describes the development's agreed terms. The developer and the local government both engage with legal advice to design and execute a contract that binds all parties.
We have provided you with our unique Development Agreement Templates to help you draft one for your needs. With our printable templates, you will be able to create your own agreement with ease like any professional. No matter the kind of your requirements, we have a design style and layout for all. Our Development Templates are fully customizable and come with sample content to serve as a reference so that you don’t have to start from scratch. Explore free and premium high-quality professional templates that you can print and/or share online. Our templates will ensure that your agreement has all the required information presented in a polished way. Simply choose one and get editing!