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Detriment |
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Any loss or harm to a person or property; relinquishment of a legal right, benefit, or something of value. Detriment is most frequently applied to contract formation, since it is an essential element of consideration, which is a prerequisite of a legally enforceable contract. To incur detriment means to cement a promise by either refraining from doing something that one has a legal right to do or by doing something that one is not under any legal obligation to do. |
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Her candid account reveals both the benefits and the detriments of emotional passion and commercial sex. There should be no long-term detriments to its franchise value, although we admit our patience is running a little thin," the analyst note stated. On Day One, the program covered such fundamental issues as the benefits and detriments of choosing the partnership form, formation issues, special partnership tax accounting rules, and important negotiating points for drafting partnership agreements. |
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detriments
