Incentive
/ɪnˈsɛntɪv/
Definitions
- (n.) A benefit or reward that motivates a party to perform a particular act.
The contract includes financial incentives to encourage timely completion of the project.
Forms
- incentives
Related terms
See also
Commentary
In legal drafting, clarify the nature and conditions of incentives to avoid ambiguity in enforcement.
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.