consideration

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Consideration

Money or other payment provided in exchange for an act or service that helps a business. Consideration may be cash in which case, it is more like a sale or payment-in-kind. For example, a person may receive a certain amount of equity in a business in exchange for giving or allowing the business to use the person's intellectual property.

consideration

Something of value provided by one party to another. For example, a person might provide an idea or labor to a business in exchange for shares of ownership.

consideration

  1. something of value which is offered by a party to a CONTRACT in exchange for something of value received. Consideration usually takes the form of a monetary payment in exchange for GOODS or SERVICES received, but could involve, for example, the direct exchange of one product for another (as in BARTER).
  2. the sum of money paid by an investor to purchase SHARES, STOCKS, etc., or the proceeds from selling such securities before allowing for stockbroker's commission and other transfer expenses.

consideration

An act or a promise given by one person in exchange for an act or a promise from the other.The values do not have to be equal, and it has been said that one may promise to give a barleycorn in exchange for the promise to deed a castle,and it will be sufficient.It is a common misperception that earnest money is the component that makes a real estate contract enforceable. In reality, the promise to buy, and the promise to sell, is sufficient consideration. Consideration is an essential element for contract enforcement.

Consideration substitutes. Sometimes the law will permit enforcement of a contract even though one side or the other did not give consideration, if there was an allowed consideration substitute. The most common one is detrimental reliance, in which one person promises to do a thing gratuitously and another worsens his or her position in reliance on that promise. Under ordinary circumstances this would be a mere promise to make a gift, and unenforceable. Because of the detrimental reliance, however, it may become an enforceable contract.

Adequate consideration. If this is required by law, the consideration must be reasonably close to the value of the thing promised or exchanged.

Good consideration. The consideration is based on natural duty and affection or a moral obligation, such as property sold for “love and affection.”

Consideration of support. It is not uncommon for elderly parents to transfer property to their children “in consideration of care and support.” In most states, such transfers are voidable if the care and support are not forthcoming.

References in periodicals archive ?
Taking into consideration project fallout in the first quarter, the industry has picked up on projects and capital spending by some 45%, up to 346 projects representing $4.
Banco Comercial Portugues (BCP), will notify next Monday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of GREAT WEST GOLD INC shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid.
When taking into consideration Metals & Minerals Industry projects scheduled to begin construction in 2006 or beyond, Industrial Info has reported on 65 different sectors within the industry including everything from steel manufacturing to vitreous china plumbing fixtures.
This outlook is not a reflection of the results posted in 2005 but is more forward-looking, taking into consideration A.
Fitch's 'RPS1' and 'RSS1' servicer ratings are based on both the analysis of EMC's operational and financial strengths, taking into consideration the fact that servicing operations can be subject to regulatory scrutiny from time-to-time.
After taking into consideration these private placements, the Company has 81,724,769 common shares issued and outstanding.