1. Contracting: Advantage, benefit, or consideration that causes a party to enter into a binding agreement, or motivates it to perform more efficiently and cost effectively. 2. Law: (1) Persuasion by enticement, threat, or urging to commit a crime or pursue a particular course of action. It is practically impossible to clearly differentiate between the legal meanings of advice, enticement, inducement, and procurement. (2) Statement of preliminary facts presented to establish the criminal nature of an alleged offense.