What is "commercial bribery"

n. bribery of a purchasing agent in order to induce the agent to enter into a transaction

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. 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.