What Is A Concession Agreement

What Is A Concession Agreement

When entering into a concession contract for an existing terminal, it is common to include all or part of employees who are already working in the terminal or to expand an offer to participate in the new company. This area is very sensitive and should be treated very carefully even before the concessions are awarded. Module 7 deals in more detail with work issues. Another useful resource on this subject is the World Bank on labour issues in infrastructure reform: a toolkit. In the private sector, the dealer – the dealer – usually pays either a fixed amount or a percentage of the income to the owner of the business from which he operates. [2] Examples of concessions within another company are concession stands in sports facilities and cinemas, as well as concessions in department stores operated by other retailers. Short-term concessions can be granted as advertising space for periods as short as one day. The granting of property or property by a government may be a lease agreement for a specific purpose, in exchange for services or a specific use, a right to performance and to the benefit of a particular activity. A concession may include the right to use certain existing infrastructure necessary to run a business (for example. B a water system in a city); in some cases, such as mining.

B, it can only be a transfer of exclusive or non-exclusive reliefs. Investments and capacity calculations are based primarily on traffic and throughput forecasts. In the case of a BOT agreement that requires significant dealer expenses, the port authority (or the national government) may commit not to license, promote or start another competing terminal (or terminal with more than one specified capacity) in a nearby port area. If new capabilities were created unexpectedly, the viability of a project could be compromised. There is often, especially in small ports, only room for one or two terminals that transform a particular commodity. If the port authority is too concerned about intraportal competition, terminal operators may face fierce competition, which could lead to the bankruptcy of some of them at a time when governments want to encourage strong private sector participation in the port sector (see Box 28). Each concession agreement contains a list of definitions to accurately define both the purpose and concepts used throughout the agreement. These definitions will vary from country to country, from one legal system to one. Examples of the most commonly used definitions are presented below. The majestability of a word in chords often indicates that the word is specifically defined in the definition section of the agreement.

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