consideration

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consideration,

in law: see contractcontract,
in law, a promise, enforceable by law, to perform or to refrain from performing some specified act. In a general sense, all civil obligations fall under tort or contract law.
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consideration

In a building contract, the compensation that shall be paid by one party to another party in return for products and/or services rendered.

consideration

Law the promise, object, etc., given by one party to persuade another to enter into a contract
References in periodicals archive ?
Though NOTA's ban against valuable consideration generated little discussion at the time of passage, that is no longer the case.
In turn, Universal paid valuable consideration for exclusive motion picture rights and has invested or will invest substantial resources in producing high-quality film adaptations that will satisfy fans of the novels while also presenting the trilogy's romantic story to a broader audience.
Norwood Living Organ Donation Act (Norwood Act), (46) that NOTA's prohibition against the exchange of valuable consideration for human organs does not extend to simultaneous kidney swaps (Kidney Paired Donation, or KPD).
Transfer for valuable consideration--often referred to as the transfer-for-value rule--states that if the policy, or any interest in the policy, is transferred for valuable consideration, then the proceeds received by the beneficiary shall only be exempt from income tax to the extent of the beneficiary's cost basis (IRC section 101[a][2]).
Participants of Judges Colloquium discussed valuable consideration during roundtable sessions and highlighted the provisions for protection of RP Rights in the Judicial System of Pakistan.
The discouragement of the production of goods and services which value is not acceptable as valuable consideration like pork and wine
Thus, the right to self image may be subject to an agreement for valuable consideration, consequently the image can be sold and its extra-patrimoniality is only relative.
The new law provides "that a person who, for money or other valuable consideration, knowingly advises an employer to treat an individual as an independent contractor to avoid employee status for the individual shall be jointly and severally liable with the employer if the individual is not found to be an independent contractor.
A Farm Labor Contractor (FLC) is someone who, for money or other valuable consideration paid or promised to be paid, recruits, solicits, hires, employs, furnishes or transports migrant and/or seasonal agricultural workers or, provides housing to migrant agricultural workers.
By way of background, Sections 2324 and 4224 of the Insurance Laws prohibit licensees from directly or indirectly paying, allowing or giving (or offering), any valuable consideration or inducement in connection with the procurement of insurance, when such "rebate" is not specified in the policy.
The acts for good and valuable consideration as well those for gratuitous use that are not gifts, but simple disinterested acts (for example the commodate), are not restrained by law,because they do not decrease the inheritance, of course in the measure that these acts are not disguised donations for which the law presents limits.