Contractual Inducements
Definitions
- (n. pl.) Incentives offered within or alongside a contract to persuade a party to enter or perform it.
The seller provided contractual inducements to encourage the buyer to finalize the deal quickly.
Related terms
See also
Commentary
Contractual inducements often involve additional benefits or promises that encourage contract formation or compliance; careful drafting ensures clarity about these terms' enforceability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.