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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. There are two main definitions: one involving a contract between a foreign company and a government, allowing the company to do business in that country, and another where a concessionaire has exclusive rights in a specific area or venue. In these agreements, various terms are carefully negotiated, such as taxes, restrictions, and incentives provided by the government. In some cases, companies may need to make concessions to secure the agreement.
