Define: Concession Fees

How is Concession Fees defined in a legal contract?

• Concession Fees means the amount a lessee pays for the right to operate a specific service according to an agreement. This fee is often a percentage of gross revenues and must be clearly communicated, not misrepresented as a tax, and charged consistently to all customers. The lessee is not permitted to collect more than the agreed percentage unless this is modified by the lessor. Seen in 4 SEC filings.
• Concession Fees means the payment made by the privilege holder in exchange for the permission to operate a specific service according to the guidelines of an agreement. This payment could be either a fixed amount or a proportion of gross revenues, or both. Seen in 3 SEC filings.
• Concession Fees means the rents, fees, and shared revenues as laid out and adjusted according to a specific agreement clause. Seen in 2 SEC filings.
• Concession Fees means the payment made by a company, which includes an entry fee and a performance fee, according to a specific aspect of an agreement. Seen in 2 SEC filings.
• Concession Fees means the monetary charges made by an authority as compensation for a service or privilege provided as per specific aspects of an agreement or contract. Seen in 2 SEC filings.

‍

Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

‍

Genie Definition 1

Concession Fees means payment made by a [party] for the right to operate a [specified service], often calculated as a percentage of gross revenues.

Relevant Contract Types

• Franchise Agreement
• Lease Agreement
• Licensing Agreement

Relevant Circumstances

• When a business is given the right to operate within a larger firm’s premises.
• When a business is granted a license to provide services using another company's brand name.

Relevant Sectors

• Franchising
• Real Estate
• Retail

‍

Genie Definition 2

Concession Fees means the consistently charged fees, including rents and shared revenues, as determined in a pre-specified [agreement clause].

Relevant Contract Types

• Partnership Agreement
• Joint Venture Agreement

Relevant Circumstances

• When two companies join resources to undertake a specific project.
• When businesses share revenues generated from a partnership.

Relevant Sectors

• Energy Sector
• Manufacturing

‍

Genie Definition 3

Concession Fees means a monetary compensation for a privilege or service provided by an [authority entity] as per a specific [agreement].

Relevant Contract Types

• Public-Private Partnership Agreements
• Healthcare Management Contract

Relevant Circumstances

• When a private company provides public services.
• When a private health provider operates within a publicly owned medical facility.

Relevant Sectors

• Healthcare
• Public Services

‍