Consideration is a promise, performance, or forbearance bargained by a promisor in exchange for their promise. Consideration is the main element of a ... |
Consideration is a promise of something of value given by a promissor in exchange for something of value given by a promisee. Legal rules regarding... · History and comparative law |
Consideration is one element critical to the formation of a contract and it must be legally sufficient for the contract to be enforceable. |
Consideration is something of value exchanged between the parties to a contract. It can be money, work performance, property, or many other things. Both parties ... |
Consideration is an English common law concept within the law of contract, and is a necessity for simple contracts (but not for special contracts by deed). The ... |
A consideration in contract law is the benefit a party receives from the deal negotiated in the contract. |
1) payment or money. 2) a vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties. |
Consideration is a legal term used to describe the benefit each party to a contract receives. This is often payment in exchange for goods or services. |
Consideration refers to the exchange or bargain which is essential for a binding contract. It is the “thing” given by each party to the contract, to the other. |
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