What is an Inducement? What Types / Classes of Inducement Exist?

Incentives
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Rukayat Musa, Nigeria

What is an Inducement? What Types / Classes of Inducement Exist?

I need comprehensive information on inducement, types/classes of inducement, effect of inducement on stakeholders.

  Jaap de Jonge
Editor, Netherlands
 

Definition of Inducement

An inducement is an advantage, benefit, or consideration that causes or motivates a party to perform some action, like entering into an agreement, performing more efficiently or effectively. It is a thing that persuades or influences someone to do something.

Synonyms of inducement are: incentive, encouragement, attraction, temptation, stimulus, bait, lure.

For more information about types of inducements/incentives see this article on Incentives.

 

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👀What is an Inducement? What Types / Classes of Inducement Exist?
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