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Concession agreement may also state the role of an authority and concessionaire and conditions regarding control and ownership of the assets and facilities such as concession can either allow the authority to retain or keep actual ownership of the assets, turning over to the concessionaire and reverting the control and ownership back to an ...
Concession and Agreement (full title: 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) was a 1664 document that provided religious freedom in the colony of New Jersey.
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.
These agreements generally fall into one of four categories (or a combination of the categories): risk agreements, concessions, production sharing agreements (PSAs, also known as production sharing contracts, PSCs) and service contracts. Traditional concession agreements pre-1940 were granted for large areas, sometimes the whole country e.g. Iraq.
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."
A plea bargaining, also called a plea agreement or negotiated plea, is an alternative and consensual way of criminal case settlement. A plea agreement means settlement of case without main hearing when the defendant agrees to plead guilty in exchange for a lesser charge or for a more lenient sentence or for dismissal of certain related charges.