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AREA DEVELOPMENT AGREEMENTS

Area Development Agreements provide a special challenge:

  • What are the “criteria” that must be met in order to keep to the development schedule? 

  • What happens to existing locations if the remaining schedule is not met? 

  • Will they have protected areas and if so, what will they be? 

  • If a default occurs with respect to one of your units, will it affect your other (non-defaulting) units or not? 

  • Who will be obligated with respect to the Development Agreement and what will the extent of responsibility be?


With our help, you can address all these and other issues in your Area Development Agreement.

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