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How to Manage Concession Agreement

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the term concession agreement is used in two slightly different ways in the business world both refer to a type of negotiated contract which gives a company the right to do business with some specific requirements in one sense it refers to a contract between a foreign company and a government in which the company signs a concession agreement so that it can do business in that governments country in a second sense this type of agreement is one which grants the concessionaire the exclusive right to do business in a particular area or venue in exchange for some carefully negotiated terms when people talk about contracts with foreign companies a concession agreement is worked out between the company and the government of the nation where it wishes to do business the government may want to incentivize the company by lowering taxes relaxing restrictions or providing other incentives in cases where the government is not as enthusiastic the company may need to make some concessions such as c

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What is meant by concession agreement?

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.

What does concession mean in money?

In finance, a concession refers to the compensation an underwriter receives for managing the sale of stocks or bonds for a company.

What are the advantages of concession agreements?

Advantages of a concession agreement It spreads the risk involved for both parties and no single partys share is at risk. It involves a high level of private investment which will result in better enforcement and implementation of the projects involved.

What does concession mean in banking?

In finance, a concession refers to the compensation an underwriter receives for managing the sale of stocks or bonds for a company. The underwriter is generally an investment bank that assumes the risk of marketing and distributing the shares of a new issue for a publicly traded company.

What is an example of concession business?

When you think of a concession business you might think of the corn-dog booth at the state fair. Thats one kind, but its not the only one. For example, state parks contract with businesses to offer food. Fine jewelry is offered through concession stands in department stores.

What is an example of a concession?

It is commonly used to indicate something that has been conceded (as when the politician who loses a race gives a concession speech, or when someone makes a concession in an argument).

What does concession mean in business?

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 concession in terms of business?

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.

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