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Draft 10/4/07 DEVELOPMENT AGREEMENT between SAFEWAY INC. and ST. PATRICK HOSPITAL AND HEALTH SCIENCES CENTER and THE CITY OF MISSOULA Dated as of October 1, 2007, TABLE OF CONTENTS Page SECTION 1.
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Start by gathering all the necessary information about the parties involved in the agreement, such as their names, addresses, and contact details. This will ensure that the agreement accurately reflects the parties involved.
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Establish the timeline and deadlines for the development project. This includes setting specific milestones or targets to be achieved within certain timeframes. Having a defined timeline ensures accountability and keeps the development process on track.
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Outline the financial aspects of the agreement. Specify the payment terms, including the total project cost, payment schedule, and any additional expenses that might arise during the development process. This section should also include provisions for any changes or modifications to the budget.
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Include clauses for intellectual property rights. Clearly state who owns the intellectual property created during the development process, whether it is the developer or the client. This will help protect each party's interests and avoid potential conflicts in the future.
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Specify the terms and conditions of the agreement, including any termination clauses, dispute resolution procedures, and confidentiality requirements. These provisions ensure that both parties understand their rights and obligations throughout the development process.
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Finally, ensure that the agreement is reviewed and signed by all parties involved. This step confirms their consent and understanding of the terms and conditions outlined in the development agreement.
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Development agreement between safe is a legally binding contract between a developer and a property owner outlining the terms of a construction project.
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