Valuable Consideration

Definition - What does Valuable Consideration mean?

Valuable consideration is the legal term for the economic value that would be derived from any contract on one side or the other. In order for a contract to be valid, it must have a beneficial nature to one party; such a beneficial nature is considered in an economic context, and therefore valuable consideration is the amount of money that is listed as the subject in a contract.

Justipedia explains Valuable Consideration

If a contract was disputed in court and either side could show that there was no valuable consideration within the contract, then it would be deemed null and void.

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