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Concession Agreement Deutsch

Sellers work on a smaller scale under concession agreements granted by local governments, businesses or other property owners. This activity may include restaurants and retail at major airports, vendors at public fairs, or selling food and beverages from booths at State Parks. Muhammad Ali of Egypt used contracts called concessions to build cheap infrastructure – dams and railways – with foreign European companies seeking capital, building projects and recovering most of the operating revenue, but Ali`s government would provide some of that revenue. [3] For other examples of concessions, see Gibbons v. Ogden and U.S. Rail Policy. In the private sector, the owner of a concession – the concessionaire – usually pays either a fixed amount or a percentage of the income to the owner of the business from which he operates. [2] For example, concessions within another company are concessions in sports establishments and cinemas, as well as concessions in department stores operated by other retailers. Short-term concessions can be granted as advertising space for periods of one day only. Public services, such as water supply, can be operated as concessions. In the case of a public service concession, a private company enters into an agreement with the government in order to have the exclusive right to operate, maintain and make investments in a public service (for example. B privatization of water) for a number of years.

Other forms of contracts between public and private bodies, namely leases and management contracts (often referred to as leasing in the water sector), are closely related, but differ from a concession with regard to the rights of the operator and his remuneration. A lease gives a company the right to operate and maintain a utility, but the investment remains the responsibility of the public. Under a management contract, the operator will only collect revenues on behalf of the government and will in turn receive an agreed fee. A concession contract is a contract that gives an enterprise the right to carry on a particular activity under the jurisdiction of one government or on the ownership of another enterprise under certain conditions. Concession contracts often involve contracts between the non-state owner of a facility and a concessionaire or concessionaire. The agreement confers on the concessionaire the exclusive rights to operate its activities in the installation for a specified period of time and under certain conditions. Concession contracts generally define the duration of operation and insurance requirements as well as fees. Payments to a property owner may include site rent, a percentage of the proceeds from the sale, or a combination of both. Additional expectations can also be set out in the agreement. For example, the agreement may determine which of the parties is responsible for utilities, maintenance and repairs.. . .

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Teisha Rowland, PhD, is the author of this blog.

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