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How to Underline Concession Agreement

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Aldus Manutius, originally Aldo Manuzio, was a Venetian printer from around 1500 who invented the italic typeface. The term "italic" refers to text that slants to the right, originating from his work in Venice, which is in modern-day Italy. Manutius used a movable type printing press to create this typeface by cutting letters into metal pieces, developing the distinct slanted style we now recognize as italic. It's worth noting that this style is technically referred to as italic script, as it is based on earlier designs.

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How does a concession agreement work?

Under a concession agreement, the government grants a private entitythe concessionairethe exclusive right to build an asset and to operate and maintain it for the agreed term of the concession.

What are the disadvantages of concession?

Cons: Highly complex to implement and administer. May have underlying fiscal costs to the government. Negotiation between parties and finally making a project deal may require long time.

What is a concession agreement in oil and gas?

Petroleum Concession Agreement or PCA means an agreement pursuant to which the GoP grants to the parties thereto an interest in a Petroleum concession, which interest is subject to the rights, obligations, and liabilities imposed by the applicable petroleum laws of Pakistan, including the enjoyment of the exclusive

What are the benefits of concession agreements?

The major advantage of a concession is that it allows certain public assets, for which private ownership is economically inefficient and politically not possible, to be maintained and operated efficiently by private players.

What should I look for in a concession agreement?

Notes of Decisions Definitions. Conditions precedent. Representations and warranties. Covenants. Events of default. Security arrangements.

What is an example of concession agreement?

For example, a concession agreement exists between the governments of France and the U.K. and two private companies regarding the Channel Tunnel. The British Channel Tunnel Group Limited and the French France-Manche S.A. operate the Channel Tunnel, often referred to as the Chunnel under this agreement.

What is a concession arrangement?

A service concession arrangement is an arrangement whereby a government or other public sector body contracts with a private operator to develop, operate and maintain an infrastructure asset such as a road, bridge, tunnel, airport, energy distribution network, prison or hospital.

What are examples of concession agreements?

For example, a concession agreement exists between the governments of France and the U.K. and two private companies regarding the Channel Tunnel. The British Channel Tunnel Group Limited and the French France-Manche S.A. operate the Channel Tunnel, often referred to as the Chunnel under this agreement.

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Underline Concession Agreement