Benefit Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Benefit, written in plain English, along with examples of how it is used.

What is Benefit?

(n) Benefit is the advantage, profit, privilege etc obtained to a person by virtue of a contract for attaining a task or happening of an event contained in the contract or as a right arises out of the situation contained in the contract. Eg. Employees accident benefit compensate the employee when an accident occurs during employment