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A concession agreement is a type of negotiated contract that gives a company the right to do business with specific requirements. It can refer to a contract between a foreign company and a government, allowing the company to operate in the government's country. It can also grant the exclusive right to do business in a specific area in exchange for negotiated terms. Governments may incentivize companies with lower taxes or other benefits, while companies may need to make concessions to operate in certain areas.
