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Aug 6th, 2022
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How to Copy text in the Concession Agreement Template

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A concession or concession agreement is a grant of rights, land or property by a government, local authority, corporation, individual or other legal entity. Public services such as water supply may be operated as a concession. In the case of a public service concession, a private company enters into an agreement with the government to have the exclusive right to operate, maintain and carry out investment in a public utility for a given number of years. Other forms of contracts between public and private entities, namely lease contract and management contract, are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public utility, but investment remains the responsibility of the public. Under a management contract the operator will collect the revenue only on behalf of the government and will in turn be paid an agreed fee. A grant of land or property by a government may be in return

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Some of the essential clauses in a concession agreement are as follows: Definition clause. Scope of the project. Grant of concession. Concession period. Conditions precedent. Damages for delay by the authority. General obligation of the concession holder. General obligation of the authority.
What is Model Concession Agreement? MCA is a legal contract that forms the basis of public private partnership (PPP) projects in India. It lays down the terms and conditions for executing a road project till a private firm operates.
The authors argue that PPP is the general term for a cooperative relationship between a government and private investors, that a concession is public-private cooperation in which the users pay the fees and that BT (build-transfer) existed in large numbers in the past involves a necessary government procurement of
Key Takeaways. 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.
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.
There are different types of concession contracts, including: ex-leasing, franchise, build- operate-transfer (BOT) etc. Private finance initiatives (PFIs) may also be considered similar to concessions.
About the Concession Model -- A concession is publicprivate partnership (PPP) under which a public authority (Concession Authority) grants specific long term rights to a private or semi-public organization (Concessionaire).
In this context, Concession Agreement is an agreement through which the Government grants rights to a private sector entity to implement an infrastructure project. These agreements can be made either for the purpose of executing an infrastructure project or for providing services related to an infrastructure project.

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