valuable consideration

valuable consideration definition - business

valuable consideration

Some defined benefit, such as money or performance, that is promised as part of an agreement. Contracts must generally include valuable consideration in order to be legally enforceable.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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