Rebate Agreement
/ˈriːbeɪt əˈɡriːmənt/
Definitions
- (n.) A contract in which one party agrees to return a portion of received payments or fees to the other party, often as an incentive or discount.
The manufacturer and distributor entered into a rebate agreement to provide volume-based refunds.
- (n.) A contractual arrangement specifying terms and conditions under which rebates are to be paid, including timing, calculation, and eligibility.
The rebate agreement detailed the schedule and criteria for rebate disbursement.
Forms
- rebate agreements
Related terms
See also
Commentary
Rebate agreements are commonly used in commercial contexts to formalize rebate payments; precise terms should clearly define calculation methods and obligations to avoid disputes.
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.