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A joint development agreement (JDA) sets the terms for two or more parties working together to develop a particular product or technology. The JDA is typically negotiated before or during the working relationship. Intellectual property is often a key issue in a JDA, so the agreement should clearly state who owns what.
Residential developers, except for developers of the types of development specifically exempted below, shall pay a fee of 1.5% of the equalized assessed value of the improvements for all new residential construction on an unimproved lot or lots for residential development, provided no increased density is permitted.
In New Jersey, the elements of a valid contract are: ? An offer (see Offer). An acceptance (see Acceptance). Consideration (see Consideration). Mutual assent and intent to be bound (see Mutual Assent and Intent to be Bound).
Development agreements provide public agencies greater flexibility in imposing requirements on proposed development, such as development conditions, exactions and fees, because constraints and uncertainties that affect a local agency's ability to unilaterally impose such requirements do not apply to mutually agreed ...
The Non-Residential Development Fee Act, Public Law 2008, chapter 46, N.J.S.A. D-8.1 et seq., reforms the New Jersey Fair Housing Act and imposes a statewide 2.5% fee on new construction and additions to non-residential development approved subsequent to July 17, 2008.
In that legislation, also commonly known as ?A-500?, the Legislature replaced the COAH-authorized development fees and in lieu fees with a 2.5% fee, payable at the time of issuance of the permanent certificate of occupancy. See N.J.S.A.
The process today While COAH still exists, it has been effectively disbanded through legislative and administrative inaction to appoint members as required by the FHA.
Non-residential developers, unless an exemption applies, must pay a development fee of two and a half percent (2.5%) of the equalized assessed value of land and improvements for all new non-residential construction on an unimproved lot.