Pre-Development Services Agreement Sample Clauses
A Pre-Development Services Agreement is a contract that outlines the terms under which one party provides preliminary services—such as feasibility studies, site assessments, or design concepts—before a full development project begins. Typically, this agreement specifies the scope of work, deliverables, timelines, and compensation for these early-stage services, and may address issues like intellectual property ownership or confidentiality. Its core function is to clearly define the expectations and responsibilities of both parties during the pre-development phase, reducing misunderstandings and ensuring that both sides are aligned before committing to a larger development contract.
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Pre-Development Services Agreement. Landlord and Tenant are parties to that certain Pre-Development Services Agreement, dated July 14, 2011, as it may be amended or supplemented (the “Services Agreement”). Notwithstanding any language to the contrary in this Lease or the Services Agreement, Tenant shall pay to Landlord, concurrently with Tenant’s execution and delivery of this Lease, an amount equal to any unpaid amounts owing to Landlord under the Services Agreement. Tenant’s failure to timely pay such amount to Landlord shall constitute a material default under this Lease.