Economic Duress
/ˌiːkəˈnɒmɪk djʊˈrɛs/
Definitions
- (n.) Coercion applied through wrongful economic pressure compelling a party to enter or modify a contract without genuine consent.
The contract was voidable due to economic duress exerted by the supplier threatening to cut off all deliveries.
Related terms
See also
Commentary
Economic duress must involve illegitimate pressure affecting free will, distinct from mere commercial pressure or hardship.
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.