This concession agreement template has 5 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our concession agreement template:
CONCESSION AGREEMENT This Concession Agreement ("Agreement") is made and effective this [Date], BETWEEN: [COMPANY NAME] (the "Lessor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [VENDOR NAME] (the "Lessee"), an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Whereas, [COMPANY NAME], the Lessor, entered into a Concession Agreement ("Agreement") whereby the Lessor granted the Lessee certain rights to sell [SPECIFY] at [SPECIFY LOCATION] and other facilities operated by the Lessor for a term of [SPECIFY] years. THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is acknowledged, the Lessor and the Lessee agree as follows: TERM The concession shall remain in full force and effect for [SPECIFY] years from [MONTH/DAY/YEAR], therefore, the contract shall expire on [MONTH/DAY/YEAR]. Upon termination of the Concession, as a result of either the expiration of the contract term or early termination, the Lessee agrees to cease its activities and return the [OFFICE/SPACE] to the Lessor, as set forth in section 11 hereof. Should the Lessee continue exploiting the concession after its expiration or rescission, this shall not be construed as an implicit extension or automatic renewal. In the event of delay or lateness on the part of the Lessee in returning the [OFFICE/SPACE], an automatic penalty equal to twice the concession price in force at the time of the delay shall be imposed for each day of delay, applied pro rata for the time. PURPOSES OF THE CONCESSION The Concessionaire shall have the following obligations: [SPECIFY] [SPECIFY] [SPECIFY] LOCATION The Lessor hereby grants to the Lessee who, in turn, accepts, the concession granting the exclusive right to use and enjoy the area located in [SPECIFY], with an approximate surface of [SPECIFY].The office/space activities subject to authorization shall comprise the following: [SPECIFY]. In no case shall the Lessee change, without the Lessor's prior express authorization, the subject-matter of the concession by introducing new products, services and/or activities different from those listed above hereof. The Concession Agreement also provides for the exclusive use and enjoyment of [SPECIFY] indefinite parking lots, located [SPECIFY]. GRANTED AREA The Lessor hereby temporarily grants the [OFFICE/SPACE] to the Lessee in good conditions, with the consent of the Lessee. Moreover, the Lessor agrees, upon transferring possession, to deliver the [OFFICE/SPACE] with: [SPECIFY], all these duly installed and functioning, as agreed with the Lessor. All improvements made by the Lessee to the [OFFICE/SPACE] during the life of this agreement shall benefit the Lessor, except for movables owned by the Lessee which may be removed by the Lessee at its own expense. However, in all cases the Lessee may choose to remove all improvements and return the [OFFICE/SPACE] as received, except for ceilings and the air conditioning system which will become a fixture. CONCESSION PRICE The PARTIES agree that the basic monthly price of the concession ("The Monthly Fee") shall be paid by the Lessee to the Lessor in increasing payments for the different periods of this agreement, as detailed below: During the first twelve months of the contract term, that is, from [MONTH/DAY/YEAR] to [MONTH/DAY/YEAR], as the case may be, the Lessee shall pay a basic monthly price amounting to US$ [AMOUNT] per month plus VAT. During the 13th and 24th months of the concession, that is, from [MONTH/DAY/YEAR] (months 13 to 24), as the case may be, the Lessee shall pay a MONTHLY FEE of US$ [AMOUNT] per month plus VAT. During the 25th and 36th months of the concession, that is, from [MONTH/DAY/YEAR] (months 25 to 36), as the case may be, the Lessee shall pay a MONTHLY FEE of US$ [AMOUNT] per month plus VAT. During the 37th and 48th months of the concession, that is, from [MONTH/DAY/YEAR] (months 37 to 48), as the case may be, the Lessee shall pay a MONTHLY FEE of US$ [AMOUNT] per month plus VAT. During the 49th and 60th months of the concession, that is, from [MONTH/DAY/YEAR] (months 49 to 60), as the case may be, the Lessee shall pay a MONTHLY FEE of US$ [AMOUNT] per month plus VAT. The agreed concession price as well as any other amounts to be paid by the Lessee shall be paid each month in advance, within the first five days of each month at the address of the Lessor located at [SPECIFY]. Failure to pay the Monthly Fee for two (2) periods shall entitle the Lessor after requesting the Lessee to make such payments within ten (10) business days, to deem this Agreement terminated, and therefore claim the restitution of the [OFFICE/SPACE] within the following forty-eight (48) hours, the payment of any amounts owed for any reason, plus interest and expenses, either by filing ordinary or summary proceedings at its own discretion, as well as compensation for any direct damage sustained. INSURANCE The Lessee agrees to take out and keep in force, at its own expense, the insurance policies set forth below, whose effective term shall cover the entire Term of this Agreement. The Lessee shall timely pay all premiums resulting from such policies and shall make available to the Lessor copies of the certificates of such policies, together with the premium payment receipts, when requested and within forty-eight hours. The Lessee hereby evidences to have taken out fire insurance plus third-party liability for adjacent premises in an amount of US$ [AMOUNT] plus comprehensive third-party liability insurance in an amount of US$ [AMOUNT]. In addition, the Lessee must take out third-party liability insurance whose insured amount and coverage hold the insured harmless against any amount owed to third parties as a result of tort liability incurred while exercising its activity. Such insurance must include coverage against the typical risks involved in the business carried out by the Lessee within the [OFFICE/SPACE], as well as other risks such as fire, electrical discharge, and gas leaks; water boilers; cash in transit insurance if relevant to the Lessee's activity; signs and/or similar objects; steam installations, hot water or oil, food supply (if necessary for its activity); drain damage; goods loading and unloading; Contractor and Subcontractor; Damage caused to adjacent premises, including damage caused by a leaking in the building. The Lessee must take out fire insurance whose insured amount must cover: fire, lightning and/or explosion; riots; lock-outs; other acts of vandalism, terrorism and/or malice; aircraft impact, land vehicles, their components and/or loads; supplemental building and installations. The Lessee shall take out insurance with highly renowned Insurance Companies in the market. EXPENSES AND MAITENANCE FEES
