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DRAFT CONCESSION AGREEMENT FOR DEVELOPMENT OF NEW NEHRU STADIUM IN OTTAWA, KERALA TABLE OF CONTENTS ARTICLE 1 1.1 1.2 CONTENTS DEFINITIONS AND INTERPRETATION Definitions Interpretation PAGE 6 6 12
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Point by point how to fill out a draft concession agreement:

01
Start by identifying the parties involved in the agreement. Include their full legal names and addresses.
02
Clearly state the purpose of the concession agreement. Specify the specific project or activity for which the concession is being granted.
03
Provide a detailed description of the concession, including the rights and privileges being granted to the concessionaire.
04
Outline the responsibilities and obligations of both parties. This should include any required permits, licenses, or insurance.
05
Specify the duration of the concession. State the start and end dates, as well as any provisions for early termination or renewal.
06
Define the financial terms and compensation structure. Include details on any upfront payments, lease fees, or revenue sharing arrangements.
07
Address any specific operational requirements or performance standards that the concessionaire must adhere to.
08
Include any provisions for dispute resolution, such as mediation or arbitration.
09
Highlight any applicable laws, regulations, or environmental standards that the concessionaire must comply with.
10
Make sure to include spaces for both parties to sign and date the agreement.

Who needs a draft concession agreement?

01
Government entities: When a government body wants to grant a private company the right to operate or manage a public asset or service, such as a toll road, airport, or parking lot.
02
Private businesses: When a company wishes to secure the rights to develop, operate, or maintain a specific area of land or a particular resource.
03
Non-profit organizations: When a non-profit organization wants to partner with a private entity to run a program or manage a facility, such as a museum or cultural center.
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It is for outlining the terms and conditions of a concession agreement before finalizing it.
The parties involved in the concession agreement are required to file the draft agreement.
The draft concession agreement can be filled out by providing all the necessary details and terms agreed upon by the parties.
The purpose of a draft concession agreement is to establish the framework for the final agreement and to ensure all parties are in agreement.
All terms, conditions, rights, and obligations of the parties involved must be reported on the draft concession agreement.
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Relevant keywords

1996 1956 Concessionaire NGS SMC Indemnifying DBOT KERALA hereof NPV KSSC encashment WPI STG vii undertakes hereinabove arbitral viii enforceability practicable SMCs specifying Arbitrators SMC-10 unenforceable permissions Travancore ies pursuance errected

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