definition of a concession contract
(May 2013). A concession or concession as an agreement is a grant of rights, land or property by a government, local authority, corporation, individual or other legal entity.Public services such as water supply may be operated as a concession. concession may include the right to use some existing infrastructure required to carry out a business (such as a water supply system in a city); in some cases, such as mining, it may involve merely the transfer of exclusive or non-exclusive easements.