Seller’s Development Clause Samples

The "Seller’s Development" clause defines the rights and obligations of the seller regarding the development of a property or project prior to its sale or transfer. Typically, this clause outlines what development activities the seller is permitted or required to undertake, such as obtaining permits, completing construction, or making improvements, and may set standards or deadlines for these activities. By clearly specifying the scope and expectations for the seller’s development work, this clause helps ensure that the buyer receives the property in an agreed-upon condition and reduces the risk of disputes over incomplete or substandard development.