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LSDefine

Simple English definitions for legal terms

kickbacks

Read a random definition: conventionalism

A quick definition of kickbacks:

Kickbacks: A kickback is when someone in power or influence misuses their position to make someone else richer. This often happens when a contract is awarded to a company that didn't have the lowest bid, but the official still chooses them and gets a portion of the profits in return. This is a corrupt practice that is sometimes used by organized crime and is considered a type of bribery.

A more thorough explanation:

A kickback is a type of corruption where a person in power or influence misappropriates funds to enrich themselves or another individual, organization, or company. This is often done through a corrupt bidding scheme where the official awards a contract to a company that did not place the lowest bid. The company profits from the contract and pays the official a portion of the profits as a kickback.

Kickbacks are considered anti-competitive practices and can be traced back to organized crime. Some people also consider kickbacks to be a form of bribery.

  • An official awards a construction contract to a company that did not place the lowest bid. The company profits from the contract and pays the official a portion of the profits as a kickback.
  • A government official awards a contract to a company owned by their friend or family member, even though the company is not the most qualified or experienced for the job. The company profits from the contract and pays the official a portion of the profits as a kickback.

These examples illustrate how kickbacks can occur through corrupt bidding schemes and can result in a company profiting from a contract they may not have deserved. The official in power benefits from the kickback, which is a form of corruption.

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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