Ancillary Benefit:
Noun
1. A secondary advantage or positive outcome that is derived from a primary action, decision, or situation.
2. A supplementary benefit or advantage that is not the main purpose or focus, but is still valuable or helpful.
Example sentences:
– The construction of the new highway had an ancillary benefit of reducing traffic congestion in the surrounding areas.
– The implementation of renewable energy sources not only helps the environment but also provides ancillary benefits such as job creation and energy independence.
– The company’s decision to offer flexible work hours resulted in ancillary benefits such as increased employee satisfaction and productivity.
– The new software not only improved efficiency but also had ancillary benefits of reducing errors and streamlining processes.
Synonyms: secondary benefit, additional advantage, supplementary benefit, extra perk, bonus, byproduct.
An ancillary benefit refers to a secondary advantage or benefit that is derived from a primary action or transaction. In legal terms, it typically refers to a benefit that is not the main purpose or objective of a contract or agreement, but is incidental to it.
Ancillary benefits can arise in various legal contexts, such as in employment contracts, real estate transactions, or business agreements. For example, in an employment contract, an ancillary benefit may include additional perks or privileges provided to an employee, such as health insurance, retirement plans, or company-provided housing.
In real estate transactions, ancillary benefits may include access to shared amenities or facilities, such as a swimming pool or gym, that are not the main focus of the property purchase but are provided as part of the overall package.
It is important to note that ancillary benefits are not the primary consideration in a contract or agreement, and their inclusion is often discretionary. However, they can play a significant role in enhancing the overall value or attractiveness of a transaction.
In legal disputes, the existence and scope of ancillary benefits may be subject to interpretation and may require careful analysis of the specific terms and intentions of the parties involved.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March 2024.
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