What does Consideration mean?
A vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract.
For a contract to be valid, there must be a consideration exchanged between the parties.
Consideration in German, French, Spanish and Italian
GermanGegenleistung
Die im Vertrag vereinbarte Gegenleistung (v. a. im Common Law wichtig).
FrenchContrepartie
Valeur échangée rendant le contrat exécutoire (concept de common law).
SpanishContraprestación
also Consideración
Prestación prometida por una parte a cambio de la de la otra.
ItalianControprestazione
also Corrispettivo
Il sacrificio o beneficio che giustifica il vincolo contrattuale.
Common phrases with Consideration
- exchanged between consideration
- valid contract consideration
- must be consideration
Synonyms and opposites for Consideration
- Synonym Exchange of value