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How does a contract farming agreement work?
24 June 2024
A contract farming agreement involves a partnership between a landowner or occupier (the farmer) and a contractor. The farmer directs the contractor to carry out practical operations and management of a crop or other enterprise based on the farmer’s guidelines and benefiting the farmer’s business. The roles and operations are outlined in the contract between…
What is an Option Agreement?
28 May 2024
An Option Agreement is a legally binding contract between two parties – the landowner and the purchaser (often a developer) of the option. In summary, an option agreement provides a mechanism for a potential land transaction, allowing the buyer to secure the right to purchase the property within a specified timeframe. Purpose and Structure: The…
What is a Promotion Agreement?
15 May 2024
A promotion agreement is a legally binding contract between a landowner and a developer. It allows landowners to leverage a developer’s expertise to navigate the complexities of planning and maximise returns on their property. Promotion agreements are often used in residential developments and are particularly suitable for complex planning situations and longer-term projects. Developer’s Role: …