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Concession Agreement

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Concession Agreement
A right granted by a government to a corporation. It specifies rules under which the company can operate locally.

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

See also: Concession
Concession agreement
An understanding between a company and the host government that specifies the rules under which the company can operate locally.
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The first long-term concession agreement for Sherman Oaks Castle Park in the Sepulveda Basin ran into problems Wednesday as a key city panel said the Recreation and Parks Department's bidding process may need an overhaul.
FOOD PACT DELAYED FOR BIDDING PROBE by Daily News (Los Angeles, CA)
AGUAS DE TUNARI CONSORTIUM, led by International Water Limited, signed a 40-year concession agreement with Bolivia to provide potable water and sewer services for the city of Cochabamba.
AGUAS DE TUNARI CONSORTIUM by Latin Trade
The terms to include in the all-important concession agreement
In the UK, under the Government's "Private Finance Initiative" ... by Business Wire
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