Article 5 Development agreementsI1
Northern Ireland
(1)
A construction contract is excluded from the operation of the 1997 Order if it is a development agreement.
(2)
For the purposes of paragraph (1), a contract is a development agreement if it includes provision for the disposal of a relevant estate in the land on which take place the principal construction operations to which the contract relates.
(3)
In paragraph (2) a relevant estate in land means—
(a)
a freehold; or
(b)
a leasehold for a period which is to expire no earlier than 12 months after the completion of the construction operations under the contract.