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How to fill in image in the Concession Agreement

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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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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 word and example?

the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument: He made no concession to caution. the thing or point yielded: Management offered a shorter workweek as a concession.

What are concessions in business?

DEFINITION OF A CONCESSION. What is a concession? It is a kind of partnership between the public sector and a (usually) private company that has shown its added value in a specific area, for example developing infrastructure.

What is an example of a concession in an argument?

I concede and acknowledge that it was only the government that sent it on such an errand that was polluted. Let us compromise on that. I am glad to have it that way. For our flag could not well stand pollution, never having been used to it, but it is different with the administration.

What are examples of concessions?

His presence at the funeral was the one concession hed make to public opinion. After lunch - I was eating ravenously still - I made a concession to weakness and pain and had a lie-down. He still had hawks eyes and a slight stoop in his shoulders was his only concession to his years.

What is an example of a concession in business?

a. : a small business or shop where things are sold in a public place (such as a sports stadium or theater) The theater had real Raisinets at the concession, so I got some of those, too.

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?

For a document to be deemed a lease the agreement between the parties must include:A grant of possession of the land;A definite period of time;A definite description of the property; andA definite price and payment arrangement.In contrast, a concession agreement or license contains:A limited right to use the property

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