FOR AND IN CONSIDERATION Clause Samples
The "For and In Consideration" clause serves to formally acknowledge that something of value, known as consideration, is being exchanged between the parties as part of the agreement. In practice, this clause typically specifies what each party is providing—such as payment, services, or goods—in return for the other party's obligations. By clearly stating the existence of consideration, the clause helps establish the enforceability of the contract and prevents disputes over whether a valid exchange has occurred.
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FOR AND IN CONSIDERATION. OF THE INDEBTEDNESS AND TRUSTS HEREINAFTER SET FORTH AND OF THE SUM OF TEN DOLLARS ($10.00), CASH IN HAND PAID, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED: Grantor grants, bargains, sells, transfers, conveys and assigns the following described real property and related collateral to Trustee, in trust, with power of sale, to have and to hold the same unto Trustee and its successors in interest for and on behalf of Secured Party upon the trusts, covenants and agreements set forth in the Existing Deed of Trust, as amended hereby: DESCRIPTION OF COLLATERAL All right, title and interest of Grantor which is now owned, or hereafter acquired, in or to that certain real property situate in Grant and Clay Districts, ▇▇▇▇▇▇▇ County, West Virginia, that is more particularly described on that certain exhibit marked "Exhibit A", affixed hereto and by this reference incorporated herein and made a part hereof (the "Land"), together with and including, without limitation:
(a) all right, title and interest of Grantor whether now owned or hereafter acquired, in or to any real property lying within the right of way of any street, open or proposed, which adjoins any of said Land and any and all sidewalks, bridges, elevated walkways, tunnels, alleys, strips and gores of real property adjacent to, connecting or used in connection with any of said Land (collectively, the "Adjacent Property");
(b) all buildings, structures and all other improvements and fixtures that are, or that may be hereafter erected or placed on, or in, the Land and all right, title and interest of Grantor which is now owned or hereafter acquired, in or to, all buildings, structures and all other improvements and fixtures that are, or that may be hereafter, erected or placed on, or in, any of the Adjacent Property (collectively, the "Improvements");
(c) all water rights and conditional water rights that are now, or may hereafter be, appurtenant to, used in connection with or intended for use in connection with the Land, the Adjacent Property and/or the Improvements, including, without limitation: (i) ditch, well, pipeline, spring and reservoir rights, whether or not adjudicated or evidenced by any well or other permit; (ii) all rights with respect to groundwater underlying the Land or the Adjacent Property; and (iii) any permit to construct any water well, water from which is intended to be used in connection with the Land or the Adjacent Property (collectively, the "Water Rights", and toget...
FOR AND IN CONSIDERATION of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed, the parties agree as follows:
FOR AND IN CONSIDERATION of the foregoing premises and the mutual agreements hereinafter set forth, the Parties agree as follows:
FOR AND IN CONSIDERATION of the compromise and full settlement of all claims and disputes, the Parties agree as follows:
FOR AND IN CONSIDERATION of the mutual covenants contained in this Agreement, FedEx and Consultant (the “Parties”) agree as follows:
FOR AND IN CONSIDERATION of the placement of student teachers with district cooperating teachers, the University agrees to pay to each cooperating