Abatement definition: Copy, customize, and use instantly
Introduction
The term "Abatement" refers to a reduction, suspension, or elimination of an obligation, often in the context of payments, penalties, or damages. It is essential for clarifying conditions under which relief is granted, defining rights and responsibilities, and ensuring contractual enforceability.
Below are various examples of how "Abatement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Abatement" as a reduction in rent
This definition ties "Abatement" to the temporary or conditional reduction of rental payments.
"Abatement" means any agreed-upon reduction in the amount of rent payable by a tenant to the landlord under specific conditions, such as property damage or failure to provide essential services.
Definition of "Abatement" as a suspension of obligations
This definition connects "Abatement" to the temporary suspension of contractual obligations.
"Abatement" refers to the temporary relief from a contractual obligation due to circumstances beyond the control of a party, including force majeure events or regulatory restrictions.
Definition of "Abatement" as a reduction in tax liabilities
This definition links "Abatement" to tax relief granted under certain conditions.
"Abatement" means the reduction or waiver of tax liabilities granted by a governmental authority due to economic hardship, compliance with regulations, or other qualifying factors.
Definition of "Abatement" as a decrease in penalties
This definition applies "Abatement" to the mitigation of financial penalties or fines.
"Abatement" refers to the partial or complete reduction of penalties, fines, or interest charges imposed on a party, typically due to corrective actions taken or compliance with regulatory requirements.
Definition of "Abatement" as an environmental remedy
This definition ties "Abatement" to actions taken to mitigate environmental harm.
"Abatement" means the process of reducing, controlling, or eliminating environmental hazards, including pollution, contamination, or hazardous waste, as required by applicable laws and regulations.
Definition of "Abatement" as a remediation measure in construction
This definition connects "Abatement" to remedial actions in construction or property maintenance.
"Abatement" refers to the removal, remediation, or containment of hazardous materials, such as asbestos, lead paint, or mold, in compliance with safety regulations and industry standards.
Definition of "Abatement" as relief from loan payments
This definition links "Abatement" to temporary relief in financial obligations.
"Abatement" means the temporary reduction or suspension of loan payments granted by a lender under specified conditions, such as financial hardship or natural disasters.
Definition of "Abatement" as a reduction in service fees
This definition applies "Abatement" to fee adjustments under service agreements.
"Abatement" refers to the agreed-upon reduction or waiver of service fees due to disruptions, non-performance, or failure to meet contractual obligations.
Definition of "Abatement" as a reduction in insurance premiums
This definition ties "Abatement" to financial adjustments in insurance policies.
"Abatement" means a reduction in insurance premiums granted by the insurer due to risk mitigation measures taken by the policyholder.
Definition of "Abatement" as relief from utility charges
This definition connects "Abatement" to reductions in utility fees.
"Abatement" refers to the partial or full reduction in utility charges granted by a provider due to service interruptions, billing errors, or conservation efforts.
Definition of "Abatement" as a correction of overcharges
This definition links "Abatement" to the rectification of billing errors.
"Abatement" means the adjustment or credit issued for excessive or incorrect charges billed to a party, ensuring accurate financial reconciliation.
Definition of "Abatement" as a method of legal relief
This definition applies "Abatement" to legal processes aimed at reducing liabilities.
"Abatement" refers to the reduction or dismissal of legal claims, fines, or obligations based on procedural grounds, mitigating circumstances, or compliance with legal remedies.
Definition of "Abatement" as a reduction in emissions
This definition ties "Abatement" to environmental policies limiting emissions.
"Abatement" means the implementation of measures to reduce emissions of pollutants or greenhouse gases to meet regulatory compliance or sustainability goals.
Definition of "Abatement" as cost relief in a project
This definition connects "Abatement" to financial adjustments in projects.
"Abatement" refers to cost reductions or financial offsets provided in a project due to compliance with specific requirements, subsidies, or incentives.
Definition of "Abatement" as a delay in payment obligations
This definition links "Abatement" to extensions in financial obligations.
"Abatement" means the deferment or reduction of payment obligations due to negotiated terms or exceptional circumstances impacting financial performance.
Definition of "Abatement" as a reduction in business expenses
This definition applies "Abatement" to operational cost savings.
"Abatement" refers to the reduction of business-related expenses through negotiated agreements, regulatory exemptions, or government incentives.
Definition of "Abatement" as a relief measure in bankruptcy proceedings
This definition ties "Abatement" to insolvency relief.
"Abatement" means the temporary or permanent reduction of debts, liabilities, or claims granted in bankruptcy or restructuring proceedings.
Definition of "Abatement" as a reduction in licensing fees
This definition connects "Abatement" to licensing cost adjustments.
"Abatement" refers to the waiver or reduction of licensing fees due to compliance efforts, regulatory changes, or economic hardship.
Definition of "Abatement" as a governmental subsidy
This definition links "Abatement" to financial incentives.
"Abatement" means a government-provided financial relief program that reduces or eliminates specific costs for individuals or businesses under qualifying conditions.
Definition of "Abatement" as a reduction in legal damages
This definition applies "Abatement" to civil liability relief.
"Abatement" refers to the reduction or adjustment of compensatory damages in a legal dispute based on mitigating factors or settlement agreements.
Definition of "Abatement" as a reduction in regulatory fees
This definition ties "Abatement" to government-imposed charges.
"Abatement" means a reduction or exemption from regulatory fees granted by authorities due to compliance efforts, economic hardship, or policy incentives.
Definition of "Abatement" as a suspension of enforcement actions
This definition connects "Abatement" to temporary relief from compliance penalties.
"Abatement" refers to the suspension or delay of regulatory enforcement actions against an entity due to corrective measures or government directives.
Definition of "Abatement" as an exemption from zoning restrictions
This definition links "Abatement" to land use adjustments.
"Abatement" means a temporary or permanent exemption from zoning restrictions granted by a governing body for development, environmental, or economic reasons.
Definition of "Abatement" as relief from contractual penalties
This definition applies "Abatement" to contract breach consequences.
"Abatement" refers to the reduction or elimination of contractual penalties imposed on a party due to force majeure, compliance efforts, or mutual agreement.
Definition of "Abatement" as a method of reducing energy costs
This definition ties "Abatement" to energy efficiency incentives.
"Abatement" means financial relief, rebates, or incentives provided for energy conservation measures, efficiency upgrades, or renewable energy adoption.
Definition of "Abatement" as a mitigation of labor costs
This definition connects "Abatement" to workforce expense reductions.
"Abatement" refers to employer relief programs that reduce payroll taxes, wage obligations, or hiring costs under qualifying conditions.
Definition of "Abatement" as a reduction in litigation costs
This definition links "Abatement" to legal expense adjustments.
"Abatement" means the reduction or waiver of legal fees, court costs, or arbitration expenses granted under specific circumstances, such as settlements or procedural dismissals.
Definition of "Abatement" as a limitation on liability exposure
This definition applies "Abatement" to financial risk management.
"Abatement" refers to a contractual or statutory provision that limits a party's financial liability in case of unforeseen losses, breaches, or force majeure events.
Definition of "Abatement" as a tax relief for charitable donations
This definition ties "Abatement" to deductions for nonprofit contributions.
"Abatement" means the reduction of tax obligations due to verified charitable donations, as determined by applicable tax regulations.
Definition of "Abatement" as a reduction in damages due to contributory negligence
This definition connects "Abatement" to shared liability in legal claims.
"Abatement" refers to the proportional reduction of damages awarded in a lawsuit based on the claimant's contributory negligence or shared fault.
Definition of "Abatement" as a temporary reduction in municipal fees
This definition links "Abatement" to local government charges.
"Abatement" means the temporary or permanent reduction of municipal fees, such as licensing, permitting, or property assessments, based on specific eligibility criteria.
Definition of "Abatement" as a rent relief program
This definition applies "Abatement" to housing assistance initiatives.
"Abatement" refers to government or landlord-sponsored programs that provide rent reductions or suspensions for tenants facing financial hardship or displacement.
Definition of "Abatement" as a price adjustment mechanism
This definition ties "Abatement" to contractual price modifications.
"Abatement" means an agreed-upon reduction in pricing obligations within a contract, triggered by economic conditions, performance failures, or force majeure events.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.