Sufficiency of the Consideration Sample Clauses

The Sufficiency of the Consideration clause establishes that the value exchanged between parties in a contract is adequate to support the agreement, regardless of its actual market value. In practice, this means that as long as something of value—such as money, goods, services, or a promise—is provided by each party, the contract is considered legally binding, even if the consideration is nominal or unequal. This clause ensures that contracts are enforceable by confirming that a valid exchange has occurred, thereby preventing disputes over whether the consideration is enough to support the agreement.
Sufficiency of the Consideration. 18.5.1. The Consideration shall be the full consideration for the performance of Supplier's obligations as stipulated in this Contract, and shall include any and all costs and expenses incurred by the Supplier in the performance of its obligations, including working hours, packaging, customs, taxes, insurance, errands, per diem expenses and travel expenses and any other expense. The Supplier shall not be entitled to any additional payment beyond the prices stipulated in the Price Proposal. 18.5.2. No adjustment of the Consideration or the prices herein shall be made, including in respect of any rise in the cost of labor, materials, transport or any matter affecting the cost of the execution of the Works during the term of this Contract, except in the event of a Variation, or as provided otherwise elsewhere in this Contract. 18.5.3. The Supplier shall be deemed to have inspected, examined and familiarized itself with the scope and nature of the Works, the conditions of the Site and any other circumstances and risks which may affect the assumption of its obligations under the Contract, and to be satisfied as to the correctness and sufficiency of the Consideration.
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Sufficiency of the Consideration. 17.6.1. In this Contract, the term “Consideration” shall refer to any of the Lump Sum Price, the Support Services Price, the Variation Order Price and the Spare Parts Price. 17.6.2. The Consideration shall be the full consideration for the performance of Contractor's obligations as stipulated in this Contract, and shall include any and all costs and expenses incurred by the Contractor in the performance of its obligations, including working hours, packaging, customs, taxes, insurance, errands, per diem expenses and travel expenses and any other expense. The Contractor shall not be entitled to any additional payment beyond the prices stipulated in the Price Proposal. 17.6.3. No adjustment of the Consideration or the prices herein shall be made, including in respect of any rise in the cost of labor, materials, transport or any matter affecting the cost of the execution of the Works during the term of this Contract, except in the event of a Variation, or as provided otherwise elsewhere in this Contract. 17.6.4. The Contractor shall be deemed to have inspected, examined and familiarized itself with the scope and nature of the Works, the conditions of the Site and any other circumstances and risks which may affect the assumption of its obligations under the Contract, and to be satisfied as to the correctness and sufficiency of the Consideration.
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Sufficiency of the Consideration. The Consideration shall be the full consideration for the performance of Supplier's obligations as stipulated in this Contract, and shall include any and all costs and expenses incurred by the Supplier in the performance of its obligations.
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Sufficiency of the Consideration. 14.8.1. The Consideration specified above shall be the full consideration for the performance of Service Provider's obligations as stipulated in this Contract, and shall include any and all costs and expenses incurred by the Service Provider in the performance of its obligations. 14.8.2. The Service Provider shall be deemed to have inspected, examined and familiarized itself with the scope and nature of the Services and any circumstances and risks which may affect the assumption of its obligations under the Contract, and to be satisfied as to the correctness and sufficiency of the Consideration.
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Sufficiency of the Consideration. 14.5.1. The Consideration shall be the full consideration for the performance of Supplier's obligations as stipulated in this Contract, and shall include any and all costs and expenses incurred by the Supplier in the performance of its obligations. 14.5.2. No adjustment of the Consideration or the prices herein shall be made, including in respect of any rise in the cost of labor or any matter affecting the cost of the execution of the Services during the term of this Contract, unless provided otherwise elsewhere in this Contract. 14.5.3. The Supplier shall be deemed to have inspected, examined and familiarized itself with the scope and nature of the Services and any circumstances and risks which may affect the assumption of its obligations under the Contract, and to be satisfied as to the correctness and sufficiency of the Consideration.
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Related to Sufficiency of the Consideration

  • Sufficiency of Consideration Executive hereby acknowledges and agrees that Executive has received good and sufficient consideration for every promise, duty, release, obligation, agreement and right contained in this Release.

  • Sufficiency of Purchased Assets The Purchased Assets include all right, title and interest of Seller in and to all assets, properties and rights of Seller or necessary for or used in the operation of Seller's business, other than the Excluded Assets.

  • Adequacy of Consideration Executive acknowledges and agrees that Executive has received adequate consideration from United HealthCare to enter into this Agreement.

  • Sufficiency of Funds Buyer has sufficient cash on hand or other sources of immediately available funds to enable it to make payment of the Purchase Price and consummate the transactions contemplated by this Agreement.

  • Sufficiency of Assets The Assets (a) constitute all of the assets, tangible and intangible, of any nature whatsoever, necessary to operate Seller's business in the manner presently operated by Seller and (b) include all of the operating assets of Seller.