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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.
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."
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.
A land grant is a gift of real estate—land or its use privileges—made by a government or other authority as an incentive, means of enabling works, or as a reward for services to an individual, especially in return for military service. Grants of land are also awarded to individuals and companies as incentives to develop unused land in ...
The Concession and Agreement of the Lords Proprietors of the Province of New Caesarea, or New Jersey, to and With All and Every the Adventurers and All Such as Shall Settle or Plant There, known simply as the Concession and Agreement, was a legal document that guaranteed rights; including, but not only, religious freedom.
Sep. 23—A new agreement between Clatsop County's largest landowner and the Columbia Land Trust will conserve a productive acreage between Astoria and Seaside for forestry work and ensure access ...