Contract Law

What Makes a Valid Contract?

Consideration

Consideration, in contract law, means whatever is required by the terms of a contract to be done by either party for the other. It could be the transfer of money, goods, services, or anything with a value to it. The terms which define the main consideration, that is the basics of the two way relationship, are called the conditions or express terms of the contract. (See later)...

 

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Written by Andrew Pingree. All copyright, 2014-2016 vests in Civilaco Pty Ltd.

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