contractual consideration

contractual consideration
Literally, the consideration for a contract, but in a more technical sense, a consideration to be determined as to amount, manner, and means of payment according to a provision or provisions of the contract, such being distinguished from a consideration merely recited in the contract, as to which parol evidence in explanation is admissible.

Ballentine's law dictionary. . 1998.

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  • contractual — con·trac·tu·al /kən trak chə wəl/ adj: of, relating to, or constituting a contract a contractual agreement con·trac·tu·al·ly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Consideration in English law — is one of the three main building blocks of a contract. Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party… …   Wikipedia

  • Consideration under English law — Consideration is one of the three main building blocks of a contract in English contract law. Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the… …   Wikipedia

  • Contractual terms in English law — is a topic which deals with four main issues. which terms are incorporated into the contract how are the terms of the contract to be interpreted whether terms are implied into the contract what controls are placed on unfair terms The terms of a… …   Wikipedia

  • consideration — con·sid·er·a·tion n: something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another see also contract compare motive ◇ Except in Louisiana, consideration is a necessary element to the… …   Law dictionary

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  • Consideration under American law — Contract law Part o …   Wikipedia

  • consideration — n. 1 the act of considering; careful thought. 2 thoughtfulness for others; being considerate. 3 a fact or a thing taken into account in deciding or judging something. 4 compensation; a payment or reward. 5 Law (in a contractual agreement)… …   Useful english dictionary

  • CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …   Encyclopedia of Judaism

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