Commercial bribery

Commercial bribery is a form of bribery which involves corrupt dealing with the agents or employees of potential buyers to secure an advantage over business competitors.[1] It is a form of corruption which does not necessarily involve government personnel or facilities.

One common type of commercial bribery is the kickback. For example, a seller of goods or services from "Company A" who offers the purchasing manager of "Company B" a payment to his own account to help him secure a contract for Company B's continued business is engaging in a form of commercial bribery.

Other related offenses are payola in the entertainment industry, match fixing in sports, corruption of labor union officials, and bid rigging in non-governmental contracts.

  1. ^ Black's Law Dictionary 7th. ed. 1999, p. 187

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