Definition
Something of value exchanged between parties that induces each to enter into a contract. It is a fundamental element required for a valid, enforceable contract in common law.
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Pronunciation: /kənˌsɪdəˈreɪʃən/
Something of value exchanged between parties that induces each to enter into a contract. It is a fundamental element required for a valid, enforceable contract in common law.
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