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An agreement among the project enterprise plus a public-sector entity (the contracting authority) is termed a concession deed. The concession agreement concedes the use of a governing administration asset (for instance a plot of land or river crossing) into the project business to get a specified time period.
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A concession deed would be present in most projects which involve government for example in infrastructure projects. The concession agreement might be signed by a nationwide/regional federal government, a municipality, or simply a Particular reason entity setup through the point Continue out to grant the concession. Samples of concession agreements contain contracts helpful hints for the next: