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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."
Concession (contract) (sometimes called a concession agreement), a contractual right to carry on a certain kind of business or activity in an area, such as to explore or develop its natural resources or to operate a "concession stand" within a venue
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.
Vice President Harris is expected to make her concession speech from Howard University in Washington, D.C on Wednesday.
Concession: One party offers up something with hope reaching or coming closer to an agreement. [ 62 ] Defense in Depth: Several layers of decision-making authority is used to allow further concessions each time the agreement goes through a different level of authority. [ 63 ]
According to the agreement, the US could intervene militarily if the canal’s operations were disrupted by internal conflict or a foreign power. This seems to be what Trump is referencing when he ...
Vice President Kamala Harris will address supporters Wednesday at Howard University in Washington.