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What is a concession in legal terms?

1 : an act or instance of conceding or yielding. 2 : something conceded: as. a : acknowledgment admission. b : something granted esp. as an inducement (as to enter into an agreement)

What does it mean to offer concessions?

If you make a concession to someone, you agree to let them do or have something, especially in order to end an argument or conflict. We made too many concessions and we got too little in return.

What does concessions mean in a contract?

A concession agreement is a contract between two parties where one party grants the other the rights to operate a particular business under certain conditions. In a concession agreement, land, property and other rights are negotiated between the two partied involved in the contract.

What are the types of concession?

There are several kinds of concessions, represented by the three concession forms: Pre-requisite Waivers, General Concessions (different kinds, which are specified in the checklist on the form); and Timetable Clashes.

What is the purpose of a concession?

A concession, usually in the form of a concession speech, is considered a matter of courtesy and a gracious celebration of American democracy that helps with the peaceful transition of power, although there is no legal or constitutional need for it.

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