Government licences and concessions may be important to a particular business and can cover a wide range of business relationships. They may include, among others, a government grant of rights to exploit specific natural resources or public goods (e.g. a licence of bandwidth spectrum), or to carry on a specific business activity. Government licences and concessions are intangibles within the meaning of Section A. 1. However, government licences and concessions should be distinguished from company registration obligations that are preconditions for doing business in a particular jurisdiction. Such obligations are not intangibles within the meaning of Section A. 1.
TPG2022 Chapter VI paragraph 6.24
Category: A. Identifying intangibles | Tag: Catagories of intangibles, Concessions, Exploitation rights, Government concessions, Government licences, Identifying intangibles, Intangibles
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