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A concession agreement is a negotiated contract giving a company the right to do business, with specific requirements. It can be between a foreign company and a government, allowing the company to operate in the country. It can also grant the exclusive right to do business in a specific area, in exchange for negotiated terms. The agreement typically involves incentives from the government, like tax breaks or relaxed restrictions. If the government is less supportive, the company may need to make concessions to secure the agreement.
