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Annotate Concession Agreement Template

Annotate Concession Agreement Template

Aug 6th, 2022

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How to Annotate Concession Agreement Template

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A concession or concession agreement involves the granting of rights, land, or property by a governing body or legal entity. Public services, like water supply, can operate under a concession, where a private company secures exclusive rights to manage and invest in a public utility for a specified duration. This arrangement differs from lease and management contracts. In a lease, the company operates the utility but the public retains investment responsibility. In a management contract, the operator collects revenue for the government and receives a stipulated fee. Additionally, land or property grants may be given in exchange for specific considerations.

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