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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.
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.
The terms to include in the all-important concession agreement
 
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