Consideration - Definition, Examples, Types, in Contract Law
2015年9月12日 · What is Consideration. 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.
consideration | Wex | US Law | LII / Legal Information Institute
Consideration is a promise, performance, or forbearance bargained by a promisor in exchange for their promise. Consideration is the main element of a contract. Without consideration by both parties, a contract cannot be enforceable.
Consideration Definition & Meaning - Merriam-Webster
The meaning of CONSIDERATION is continuous and careful thought. How to use consideration in a sentence.
Consideration - Wikipedia
Anything of value promised by one party to the other when making a contract can be treated as "consideration": for example, if A contracts to buy a car from B for $5,000, A's consideration is the promise of $5,000, and B's consideration is the promise of the car.
Consideration: Legal Definition, Types, Requirements and …
2023年12月15日 · Consideration ensures that each party has a vested interest in fulfilling their part of the agreement, thus creating a binding obligation. It acts as a proof of the parties’ intention to enter into a contract and their understanding of its terms.
Consideration in contracts: Elements and types
2024年12月13日 · Consideration is defined as, Something (such as an act, a forbearance, or a return promise) bargained for and received by a promisor from a promisee; that which motivates a person to do something, esp. to engage in a legal act.
CONSIDERATION definition | Cambridge English Dictionary
CONSIDERATION meaning: 1. the act of thinking about something carefully: 2. a particular subject or fact that needs to be…. Learn more.
consideration - Meaning in Law and Legal Documents, Examples …
Consideration is a fundamental concept in contract law. It refers to something of value that is exchanged between parties when they enter into a contract. Think of it as the reason why someone agrees to a deal. For a contract to be valid and …
CONSIDERATION definition and meaning | Collins English …
A consideration is something that should be thought about, especially when you are planning or deciding something. They should not allow partisan political considerations or interests to cloud their judgment.
Consideration: Overview, definition and example - cobrief.app
Consideration is the value that each party agrees to exchange as part of a contract. It can be anything of value, such as money, services, goods, or a promise to perform (or not perform) a specific action.