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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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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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