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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.
Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. [1] The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. [2]: 10 In some cases ...
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.
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 (politics), failure to challenge or cessation of challenging, as in "conceding an election" or "conceding a game" A step taken during negotiation whereby one party offers up something of value to them in order to work towards an agreement; Concessional loan, a loan with below-market terms
The concession agreement may be signed by a national/regional government, a municipality, or a special purpose entity set up by the state to grant the concession. Examples of concession agreements include contracts for the following: A toll-road or tunnel for which the concession agreement giving a right to collect tolls/fares from the public ...
While a losing candidate isn't required to give a concession speech, it's long been a traditional aspect of the U.S. democracy.
Hotel management contract is a written agreement between the owner and the operator of the hotel. The base of this relationship is that the operator handles the day-to-day working of the hotel and takes up all the additional responsibilities such as maintenance, front office, housekeeping, handling food and beverages and sale.