Detriment

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Detriment

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
[U.S.A.], May 23 ( ANI ): The question of the century - Can weekend sleep make up for the detriments of sleep deprivation during the week?
"Such possible detriments already exist, and the risk of such incidents should be seen in the context of the regulatory regime, which is intended to prevent accidents and protect against terrorist attack.
Pc Griffin complained that he suffered 'detriment, bullying and victimisation' by West Midlands Police for making the claims about the woman's death, and for other allegations that staff shortages were putting his colleagues' lives at risk.
Once the refund is made, the taxpayer will not have an opportunity to have it reapplied to the liability to avoid the possible economic detriment due to the interest rate differential.