Void sentence in the Concession Agreement Template in a few clicks

Aug 6th, 2022
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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.
First, a concession agreement gives limited rights to use the property for any specified use, whereas a lease agreement creates an interest in the property to the lessor. Second, a concession agreement doesnt create any inherent property rights, whereas a lease creates interest on the owners property.
Concession agreements can take various forms such as build-operate-transfer (BOT), build-own-operate-transfer (BOOT), and management contracts. Each type has its own specific characteristics and legal implications.
In a public contract, companies receive a fixed amount for carrying out a project or providing a service. With a concession, companies remuneration mainly consists of the authorization to manage and use a work or service, which entails the risk of possible losses in the investments made.
What Is a Concession Agreement? 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.
Generally the Concession Period of PPP project ranges between 15 to 30 years depending upon the viability of the project. However, for projects where returns might take a longer time, higher concession period may be considered to increase the viability of the project.
Examples from the Collins Corpus His presence at the funeral was the one concession hed make to public opinion. After lunch - I was eating ravenously still - I made a concession to weakness and pain and had a lie-down. He still had hawks eyes and a slight stoop in his shoulders was his only concession to his years.

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