Concession agreement template

Looking for a concession agreement template? Download this free version today.

Our templates are for general information only. You should not rely on them, and Juro is not liable for any reliance on them. The templates might contain errors, including unlawful provisions and might create risks and liabilities if used. The templates are not legal advice, nor a substitute for it. By accessing any template, you accept these terms and agree that any use is at your own risk. Some of these templates were created using generative AI with human-assisted prompts.

If you're involved in the management of properties, public utilities, or any operation where a company needs to manage another's resources, you'll likely need a concession agreement. This guide will explain what concession agreements are, their purposes, and how they can be managed effectively using a concession agreement template.

What is a concession agreement?

A concession agreement is a legal document that grants a company the right to operate a specific business within the jurisdiction of another. This often involves public resources such as land, infrastructure, or services. The agreement outlines the responsibilities, rights, and obligations of both parties involved.

What is the purpose of a concession agreement?

The primary purpose of a concession agreement is to formalize the relationship between the owner of the resource (often the government or a public entity) and the operator (the concessionaire). This contract ensures that both parties understand their roles and responsibilities, creating a clear framework for operation and management.

Who manages concession agreements?

Concession agreements are typically managed by legal, commercial, and project management teams within an organization. These teams ensure that the terms of the agreement are adhered to and that any issues are addressed promptly. For large-scale operations, a dedicated contract management team might be in place to handle these agreements.

Concession agreement use cases

Concession agreements are used in various industries and scenarios, including:

• Public transportation: Managing city buses, trains, or other public transit systems.
• Utilities: Operating public utilities like water, electricity, or waste management.
• Real estate: Managing commercial properties, including shopping centers, office buildings, and public spaces.
• Tourism and recreation: Operating facilities in national parks, museums, or recreational areas.

What should a concession agreement template include?

A comprehensive concession agreement template should cover the following:

1. Parties involved: Names and details of the grantor and concessionaire.
2. Grant of concession: Description of the rights granted and the scope of operations.
3. Term and renewal: Duration of the agreement and conditions for renewal.
4. Fees and payments: Payment terms, including concession fees and revenue sharing.
5. Responsibilities of the concessionaire: Compliance with laws, maintenance, staffing, and insurance requirements.
6. Liability and indemnification: Indemnification clauses and limitation of liability.
7. Data privacy: Compliance with data privacy laws and data protection measures.
8. Intellectual property: Rights related to intellectual property created during the concession.
9. Confidentiality: Protection of sensitive information shared between parties.
10. Dispute resolution: Methods for resolving disputes, such as mediation or arbitration.
11. Termination conditions: Conditions under which the agreement can be terminated.

How are concession agreement templates usually managed?

Concession agreement templates are managed through a structured contract management process. This involves:

1. Drafting: Using a pre-approved template to draft the agreement.
2. Reviewing: Legal and commercial teams review the draft to ensure compliance and accuracy.
3. Approval: Gaining approval from relevant stakeholders.
4. Execution: Signing the agreement by all parties involved.
5. Monitoring: Regularly monitoring compliance with the agreement terms.
6. Amendment: Updating the agreement as necessary to reflect changes in operations or law.

Challenges of managing concession agreement templates

Managing concession agreements can present several challenges, such as:

• Complexity: These agreements can be complex, requiring detailed knowledge of legal and operational issues.
• Volume: High volumes of agreements can be difficult to track and manage manually.
• Compliance: Ensuring compliance with various local, state, and federal laws.
• Data security: Protecting sensitive information within the agreements.
• Renewal management: Keeping track of renewal dates and conditions to avoid lapses.

Automate concession agreements in Juro

Juro’s AI-native contract lifecycle management platform can streamline the entire lifecycle of concession agreements. Here's how:

1. Self-serve contracts: Empower your teams to handle simple concession agreements independently, reducing the workload on your legal team and speeding up the process.
2. Accelerated contract workflow: Use AI-driven drafting and negotiation tools to streamline contract lifecycles, leading to faster deal closures and more efficient operations.
3. Centralized contract repository: Store all concession agreements in one secure location, improving risk management and compliance, and ensuring you never miss a renewal date.
4. Enhanced collaboration: Facilitate seamless collaboration across your teams within a single workspace, enhancing communication and efficiency.
5. Integration with existing tools: Juro integrates seamlessly with your existing systems, including real estate CRMs like Wise Agent CRM, Zillow, Cloze, Real Geeks, and Chime, ensuring smooth contract management without disrupting your workflows.
6. AI-driven insights: Gain valuable insights into contract performance, risks, and opportunities, helping you make informed decisions and optimize your operations.

Juro’s AI-native contract automation platform empowers all teams to create, agree, execute and manage contracts up to 10x faster than traditional tools. To find out more, hit the button below to book your personalized demo.