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Concession Agreement

A legal agreement between two parties where one party grants certain rights or privileges to the other party.

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Original price was: €195.00.Current price is: €95.00.

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Service Description

A concession agreement is a legally binding document that outlines the terms and conditions between two or more parties for the use of a specific asset or property. Typically, one party grants the other party the right to use a particular asset or property for a specific purpose and duration in exchange for payment or other considerations.

The concession agreement typically includes details such as the duration of the agreement, the terms of payment, the rights and responsibilities of each party, and any restrictions or limitations on the use of the asset or property. It may also outline dispute resolution procedures and termination rights.

Concession agreements are often used for public-private partnerships, where private companies are granted the right to operate and manage public assets such as transportation infrastructure, parks, and other facilities. These agreements can help governments to leverage private sector resources and expertise while maintaining control over public assets and ensuring that the needs of the public are met.

Overall, a concession agreement is an important legal document that helps to establish clear and enforceable terms for the use of an asset or property, while protecting the rights and interests of all parties involved.

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