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The term concession agreement is used in two slightly different ways in the business world. One refers to a contract between a foreign company and a government allowing the company to do business in that country. The other grants the concessionaire exclusive rights to operate in a specific area or venue in exchange for negotiated terms. These agreements may involve tax breaks, relaxed restrictions, or other incentives from the government. The terms of the concession are typically negotiated between the company and the government of the host nation.
