Webconsideration. n. 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, and is the essential reason for a party entering into a contract. Consideration must be of value (at least to the parties), and is exchanged for the performance or promise of performance ...

“Good and Valuable Consideration” - Adams on Contract …

WebNov 16, 2015 · The phrase good and valuable consideration is a standard feature of recitals of consideration in business contracts. You know the drill: NOW, THEREFORE, in … WebJul 18, 2024 · 今回は、英文契約書で「条項」を意味する用語について説明します。. provisions, clauses, particulars, covenants, articles, paragraphs, sections たくさんあって混乱しそうですが、これらが、英文契約書で使用される場合、いずれも契約条項を意味する場合が多いのです。 etihad book your seat

Consideration legal definition of consideration - TheFreeDictionary.com

WebSep 12, 2015 · Consideration is the benefit that each party receives, or expects to receive, when entering into a contract. Consideration is often monetary, but it can be a promise to perform a specific act, or a promise to refrain from doing something. In order for a contract or agreement to be legally binding, every party to the contract must receive some ... Webconsideration n. 英文释义：something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another. 例 If there has been an offer and an acceptance, a contract is normally created. A promise that is unsupported by consideration ,however, even if accepted, does not create a contract. Webconsideration, in contract law, an inducement given to enter into a contract that is sufficient to render the promise enforceable in the courts. The technical requirement is either a … firestone isogard gl product data