Attornment

Attornment

Attornment is the payment of money or other valuable consideration to induce a person to do or refrain from doing something.

Definition:

Attornment is a legal term that refers to a payment or other incentive offered to a person in exchange for their consent or agreement to perform a certain action or to refrain from performing a certain action.

Examples:

• A landlord may offer a tenant an attornment of money to induce them to renew their lease.
• A salesperson may offer a customer an attornment of discounts to encourage them to make a purchase.
• A whistleblower may be offered an attornment for providing information about wrongdoing.

Key Points:

• Attornment is a payment or other valuable consideration.
• It is used to induce consent or agreement.
• Attornments can be monetary or non-monetary.
• They are often used in contracts, leases, and other legal agreements.

Additional Notes:

• The term “attornment” is not commonly used in everyday language.
• The specific attornment may vary depending on the jurisdiction.
• Attornments can be voluntary or involuntary.