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As a result of continuing shortfalls in municipal finances, urban development contracts have become even more important. At the same time, errors in urban development contracts are an increasingly frequent problem. More and more municipalities have been attempting to put their fiscal houses in order by opening up areas to development. This means a reliable foundation for legally sound contracts is more important than ever before. This book describes in detail the legal framework and limits that are critical in drafting effective and legally robust urban development contracts.