Incentives
/ɪnˈsɛntɪvz/
Definitions
- (n.) Benefits or rewards offered to motivate individuals or entities to act in a desired way within a legal or contractual context.
The contract included financial incentives to ensure timely project completion.
- (n.) Legal mechanisms or inducements designed to encourage compliance with laws or regulations.
Tax incentives are used by governments to promote renewable energy investment.
Forms
- incentive
Related terms
See also
Commentary
In legal drafting, clearly defining incentives helps clarify parties' motivations and enforceability of inducements.
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.