Collaboration Agreements

Collaboration Agreements are the form of contract that is widely used when more than one developer or promoter have a mutual interest in acting together to secure planning permission for development of land held under Option or controlled under a Promotion Agreement or owned outright. Collaboration Agreements are commonly used to provide a framework in which the developers will agree to add all the land required for a comprehensive development and apportion the costs of the promotion and the future costs of infrastructure between land owners in proportion to the number of acres that each brings to the development. These are complex arrangements in the nature of a partnership with a single objective of maximising the value of the development land for the mutual benefit of all developers and their land owners with an interest in the project.