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A concession agreement is a negotiated contract that grants a company the right to do business under specific requirements. It can refer to a contract between a foreign company and a government, or an agreement that gives exclusive rights in a specific area. In the context of foreign business contracts, the agreement is typically negotiated between the company and the host nation's government. The government may offer incentives like tax breaks or relax restrictions to attract the company, while the company may need to make concessions in return.
