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A concession or concession agreement is a grant of rights, land, property, or facility by a government, local authority, corporation, individual or other legal entity. [ 1 ] Public services such as water supply may be operated as a concession.
The concession was later extended to 2086. The agreement specifies, in particular, the purpose of the concession and the conditions applicable to its termination. The appendices to the agreement cover specific aspects, including the purchase and sale of land, insurance obligations and the exercise of the right of substitution.
Contract zoning in the United States, also referred to as "zoning by contract", "rezoning by contract", or "rezoning subject to conditions" [1] is a form of land use regulation in which a local zoning authority accommodates a private interest by rezoning a district or a parcel of land within that district to a zoning classification with fewer restrictions based on an agreement that the ...
In international relations, a concession is a "synallagmatic act by which a State transfers the exercise of rights or functions proper to itself to a foreign private test which, in turn, participates in the performance of public functions and thus gains a privileged position vis-a-vis other private law subjects within the jurisdiction of the State concerned."
Tati Concessions Limited was formed by Sir John Swinburne after agreement was reached with Chief Lobengula, King of the Matabele, son of Mzilikaze, in which Lobengula and the Matabele received gold and arms, in exchange for rights to mine and occupy this area of land in Western Matabeleland.
The Rudd Concession, a written concession for exclusive mining rights in Matabeleland, Mashonaland and other adjoining territories in what is today Zimbabwe, was granted by King Lobengula of Matabeleland to Charles Rudd, James Rochfort Maguire and Francis Thompson, three agents acting on behalf of the South African-based politician and businessman Cecil Rhodes, on 30 October 1888.