Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

concession

Read a random definition: impertinent matter

A quick definition of concession:

Concession: A special permission given by the government to do something or have something. It can also mean giving in to someone's request in order to reach an agreement. Sometimes, it can also refer to a discount or reduction in price. In international law, it is a contract where a country allows a foreign company to do something in their country, but only if they follow certain rules and get approval from the government.

A more thorough explanation:

Definition: A concession is a government grant that allows specific privileges. It can also refer to voluntarily yielding to a demand for the sake of a settlement, a rebate or abatement, or an international law contract in which a country transfers some rights to a foreign enterprise.

  • A government grants a concession to a company to operate a toll road.
  • In a negotiation, one party may make a concession to reach a compromise.
  • A store may offer a concession, such as a discount or rebate, to customers who purchase a certain amount of merchandise.
  • A country may enter into a concession agreement with a foreign company to allow them to mine natural resources within their borders.

These examples illustrate the different ways in which the term "concession" can be used. In the first example, a government is granting a concession to a company to operate a toll road, giving them specific privileges. In the second example, a concession is made in order to reach a settlement or compromise. The third example shows how a concession can be a rebate or discount offered to customers. Finally, the fourth example demonstrates how a concession can be an international law contract that allows a foreign company to engage in an activity within a country's borders.

concessio | concession bargaining

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
LSD+ is ad-free, with DMs, discounts, case briefs & more.