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Black out arrow in the Concession Agreement Template

Black out arrow in the Concession Agreement Template

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What are the terms of a concession agreement?

A concession agreement is a contract that gives a company the right to operate a specific business within a governments jurisdiction or on another firms property, subject to particular terms.

Is a concession an agreement?

Concession Agreements. Introduction. A concession is the right to use, develop or commercialize the property or interest of another for a period of time in return for agreed-upon payments.

What is included in a concession agreement for a project?

Concession agreements usually define the period of operation and insurance requirements, as well as fees. Payments to a property owner may include rent for the location, a percentage of sales revenue, or a combination of the two.

What are the features of a concession contract?

Concessions involve a contractual arrangement between a public authority and an economic operator (the concession holder). The latter provides services or carries out works and is remunerated by being permitted to exploit the work or service.

What are the basic principles of concession?

The process of publishing and determining the awarding of concessions must follow the fundamental principles of equal treatment, transparency, and mutual recognition.

What is a concession in a project?

A Concession gives a concessionaire the long term right to use all utility assets conferred on the concessionaire, including responsibility for operations and some investment. Asset ownership remains with the authority and the authority is typically responsible for replacement of larger assets.

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