consideration(redirected from Consideration (law))
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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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In a building contract, the compensation that shall be paid by one party to another party in return for products and/or services rendered.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
Law the promise, object, etc., given by one party to persuade another to enter into a contract
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005