Document background
The Project Development Agreement is a crucial document used when engaging a professional developer to manage and execute property development projects in Germany. It is particularly relevant for commercial, residential, or mixed-use developments where specialized expertise is required for project planning, execution, and delivery. The agreement must comply with German civil law (BGB), construction regulations, and local building codes, while addressing specific project requirements, risk allocation, and commercial terms. This document typically includes detailed provisions for project scope, timelines, quality standards, regulatory compliance, and fee structures, making it essential for complex development projects where professional project management is required. The agreement serves as the primary contract governing the relationship between the property owner and the development manager, ensuring clear accountability and project delivery parameters.
