Document background
A Project Development Agreement is essential for structuring and managing development projects in Denmark, whether commercial, residential, or infrastructure-related. This document type is particularly crucial when a property owner or investor engages a professional developer to manage a significant development project. The agreement, governed by Danish law, needs to comply with various regulations including the Danish Building Act, Planning Act, and Environmental Protection Act. It typically covers all aspects of the development process, from initial planning and permits through to completion and handover. The Project Development Agreement should incorporate standard Danish construction industry practices, including references to AB 18 where appropriate, while also addressing specific project requirements, risk allocation, and payment structures. This document type is commonly used for both private and public sector developments, requiring careful consideration of local authority requirements and market practices in Denmark.
