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Concession Agreement

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Concession agreement
An understanding between a company and the host government that specifies the rules under which the company can operate locally.

Concession Agreement
An agreement in which a government, especially a local government, gives preferential treatment to a private-sector company. Generally speaking, a concession agreement involves special tax considerations, and is designed to encourage a company to come to or stay in an area. Governments make concession agreements to promote job growth or stability.


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Some concession agreements might include tax breaks for the corporation, in order to keep them from moving to another jurisdiction.
Some concession agreements might include tax breaks for the corporation, in order to keep them from moving to another jurisdiction.
Some concession agreements might include tax breaks for the corporation, in order to keep them from moving to another jurisdiction.
 
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