A promised payment on which a claim can be enforced.
Related information about valuable consideration:
- Valuable consideration - Legal Dictionary - The Free Dictionary
In the formation of a valid and binding contract, something of worth or value that is either a detriment incurred by the person making the promise or a benefit ...
- Valuable consideration - The Free Dictionary
(Law), an equivalent or compensation having value given for a thing purchased, as money, marriage, services, etc. - Blackstone.
- Consideration - Wikipedia, the free encyclopedia
Thus, licensing contracts that do not involve any money at all will often cite as consideration, "for the sum of $1 and other good and valuable consideration".
- Valuable consideration - Legal Dictionary | Law.com
valuable consideration. n. a necessary element of a contract, which confers a benefit on the other party. Valuable consideration can include money, work, ...
- Valuable consideration | LII / Legal Information Institute
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 ...
- Valuable consideration - Merriam-Webster Online
an equivalent or compensation having value that is given for something acquired or promised (as money or marriage) and that may consist either in a benefit ...
- Valuable Consideration: Definition from Answers.com
Type of promised payment upon which a promisee can enforce a claim against an unwilling promisor. It includes money, extension of time, and other ...
- What is valuable consideration? definition and meaning
Definition of valuable consideration: Consideration founded on an act, benefit, forbearance, interest, promise, right, or good or service that has some economic ...