Copy code in a Concession Agreement - Online Editor

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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 the difference between a concession and a contract?

In a public contract, companies receive a fixed amount for carrying out a project or providing a service. With a concession, companies remuneration mainly consists of the authorization to manage and use a work or service, which entails the risk of possible losses in the investments made.

What is the difference between a lease and a concession?

First, a concession agreement gives limited rights to use the property for any specified use, whereas a lease agreement creates an interest in the property to the lessor. Second, a concession agreement doesnt create any inherent property rights, whereas a lease creates interest on the owners property.

What are concession documents?

concession documents means all documents provided by the grantor to which the grantor refers when describing or defining features of the concession contract and the concession contract award procedure.

What is the meaning of service concession agreement?

A service concession arrangement is an arrangement whereby a government or other public sector body contracts with a private operator to develop (or upgrade), operate and maintain the grantors infrastructure assets such as roads, bridges, tunnels, airports, energy distribution networks, prisons or hospitals.

What is an example of a concession agreement?

For example, a concession agreement exists between the governments of France and the U.K. and two private companies regarding the Channel Tunnel. The British Channel Tunnel Group Limited and the French France-Manche S.A. operate the Channel Tunnel, often referred to as the Chunnel under this agreement.

What are the different types of concession contracts?

There are different types of concession contracts, including: ex-leasing, franchise, build- operate-transfer (BOT) etc.

What is a concession in law?

Concession means the right to use the existing state-owned or municipal property or property that is to be created, which is granted under contract for the performance of certain business activity.

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Copy code in the Concession Agreement