CONCESSION
concession, n.
1. A government grant for specific privileges.
2. The voluntary yielding to a demand for the sake of a settlement.
3. A rebate or abatement.
4. Int’l law. A contract in which a country transfers some rights to a foreign enterprise, which then engages in an activity (such as mining) contingent on state approval and subject to the terms of the contract. [Cases: Treaties
8. C.J.S. Treaties ¡ì 6.] ¡ª concede, vb. ¡ª concessive, adj.
What is the preferred translation of the term CONCESSION by Chinese lawyers?
About LegalLingo
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.
