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Development agreement

Development agreement - 1994 - Estates Gazette Case Summaries 1994 EGCS 18(1) (12/2/94) .

"Venglass Ltd v Banque Paribas" CA 1 February 1994 concerned the method of valuation for working out payment for work already done by developer in financial difficulty upon termination of agreement by freeholder. CA overturned the High Court decision on open market value in favour of `cost-based` approach.

Subjects--Topical Terms:
COST-BASED APPRAOCH
DEVELOPMENT AGREEMENTS
OPEN MARKET VALUE
TERMINATION OF AGREEMENT
Valuation

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