Practical Legal Guidance
Consideration
Something of value given by each party to a contract that induces them to enter into the agreement.
Authoritative Sources & Provenance
Primary Source: NextCaseHQ Internal Legal Knowledge Draft (general legal knowledge, not independently Bare-Act-verified) (NextCaseHQ)
Relevant Legislation
- The Indian Contract Act, 1872
General legal information for reference only, reviewed for accuracy but not a substitute for advice from a qualified advocate on your specific facts.