for valuable consideration clause


Valuable consideration | Wex Legal Dictionary / Encyclopedia | LII

NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth herein and for other good and valuable consideration,

"Good and Valuable Consideration" - Adams on Contract Drafting

FOR OTHER GOOD AND VALUABLE CONSIDERATION. the receipt and sufficiency of which is hereby acknowledged by each of the parties hereto, each of

For Other Good and Valuable Consideration Sample Clauses

Good and Valuable Consideration. Executive acknowledges that the payments identified on Exhibit A hereto as being in respect of Executives releases, waivers

Good and Valuable Consideration Sample Clauses - Law Insider

Definition. A benefit conferred or a detriment incurred by a party in exchange for another's promise. Valuable consideration may be non-monetary as long as it is of some value to one or both parties. Also called good and valuable consideration and legal consideration.

Business Law Today - American Bar Association

A representative, if relatively full-blown, example of a lead-in containing a recital of consideration is as follows: NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,

Consideration: Every Contract Needs It | Nolo.com

Many contracts provide a recital (a statement at the beginning of the contract) that the contract is being entered into "for good and valuable consideration, the

For ten Dollars ($10.00) and other good and valuable consideration

The good news is that the “NOW, THEREFORE, for and in consideration” clause is not one of these landmines. To understand why it is there,

Inconsiderate agreements: drop the legalese | IP Draughts

Consideration means something of value, which under English law does not have to be money, and does not have to be “sufficient”, ie market value. For example, in a 2-way confidentiality agreement, both parties may agree to disclose information to the other and consideration may be easily found in this situation.

Consideration - Contract Standards

Overview. A Consideration clause specifies the value given in return for a bargain. Consideration is required for each party benefiting from, and

Valuable Consideration legal definition of Valuable Consideration

Definition of Valuable Consideration in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Valuable Consideration? Meaning of