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 Glossary   >   C   >   "Consideration" Definition   

        Consideration

Something of value given by one party to another in return for entering into a contract. To be enforceable under UK law, contracts require that each party has given consideration to the other, however small. Hence the reason for contracts entered into "for consideration of Ј1".

Consideration
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Consideration \ Something of value given by one party to another in return for entering into a contract. To be enforceable under UK law, contracts require that each party has given consideration to the other, however small. Hence the reason for contracts entered into "for consideration of Ј1".


Consideration / something of value given by one party to another in return for entering into a contract. to be enforceable under uk law, contracts require that each party has given consideration to the other, however small. hence the reason for contracts entered into "for consideration of Ј1".