Something of value definition
Examples of Something of value in a sentence
Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Something of value needs to be exchanged (in legal terms, “consideration” needs to be given) Once an offer has been put forward, and acceptance has been communicated, the parties need to exchange something of value, in legal speak, this is termed “consideration”.
Something of value provided in return for a promist -> Promisor makes the promise, promisee gives up something of value for the exchange.
Something of value and consideration makes a contract enforceable.
Consideration - Something of value (legal) promised / exchanged by both parties.
Something of value must be exchanged for something else of value.
Something of value that a Consultant delivers to the Sponsor in exchange for consideration from the Sponsor pursuant to the terms of an ▇▇▇▇ or an Airport Project Contract.