Adequate consideration

Adequate consideration

The price stipulation within a contract that establishes equivalence in the exchange of value in the form of money, goods or services. Any exchange of value that is deemed not to be equivalent could render the contract unenforceable.

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Part of Speech: noun
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Industry/Domain: Law
Category: Contracts
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Related terms

adequate consideration

Law; Contracts

The price stipulation within a contract that establishes equivalence in the exchange of value in the form of money, goods or services. Any exchange of value that is deemed not to ...

adequate consideration

Accounting; Tax

An amount equal to the fair market value of the asset or service provided Adequate consideration may be determined by the price quoted on an exchange, an appraisal, comparable ...

consideration

Law; Contracts

consideration, in roder for a cotrcat to be valid, each party shiuld receive somethin g of value, in other words consideration, thus ''be considered''=taken into account

consideration

Legal services; Courts

The price bargained for and paid for a promise, goods, or real estate.

consideration

Convention; Conferences

The inducement to a contract. The cause, motive, price, or impelling influence which induces a contracting party to enter a contract.

consideration

Real estate; General

An act or the promise there of, which is offered by one party to induce another to enter into a contract; that which is given in exchange for something from another.