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- This summary was generated by AI from multiple online sources. Find the source links used for this summary under "Based on sources".
Learn more about Bing search results hereOrganizing and summarizing search results for you- Good consideration: Founded on natural duty, affection, or strong moral obligation.
- Valuable consideration: Founded on money, something convertible into money, or having a value in money (except marriage).
5 Sources
- “Good and Valuable Consideration” - Adams on Contract DraftingThe distinction between a good and valuable consideration is this, — that a good consideration makes the instrument (a deed of conveyance, &c,) good as between the parties; but a v…https://www.adamsdrafting.com/good-and-valuable-consideration/
- Good and Valuable Consideration - structuremag.orgBy itself, good consideration is not enough to make a contract enforceable; the consideration must also have legal value. Valuable consideration must involve doing something one do…https://www.structuremag.org/article/consideration-what-makes-it-good-and-valuable/
- For Good And Valuable Consideration (Meaning And Contract Drafting)A good consideration is something that is legally permissible, does not violate the public policy and is acceptable by the parties A valuable consideration is something of value ex…https://incorporated.zone/for-good-and-valuable-consideration/
- Revisiting “Good and Valuable Consideration” - Adams on Contract ...Considerations are distinguished into “good” and “valuable.” A good consideration is such as is founded on natural duty and affection or on a strong moral obligation. A valuable co…https://www.adamsdrafting.com/revisiting-good-and-valuable-consideration/
- VALUABLE CONSIDERATION Definition & Legal Meaning - The Law DictionaryThe distinction between a good and a valuable consideration is that the former consists of blood, or of natural love and affection; as when a man grants an estate to a near rela- t…https://thelawdictionary.org/valuable-consideration/
“Good and Valuable Consideration” - Adams on …
Nov 16, 2015 · The distinction between a good and valuable consideration is this, — that a good consideration makes the instrument (a deed of conveyance, &c,) good as between the parties; but a valuable consideration makes the …
Other content from adamsdrafting.comDrafting contracts – – little words with big meanings.
Jun 10, 2017 · Other good and valuable consideration. Every attorney has seen this phrase in either a contract, a release, or a deed. It has become commonplace for a legal instrument to …
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What Does “Other Good and Valuable Consideration” Mean in …
Jan 22, 2025 · Consideration refers to something of value exchanged between parties, which can include money, services, or promises. The inclusion of “other good and valuable …
For Good and Valuable Consideration: What It Means in Legal …
Jan 21, 2025 · “For good and valuable consideration” is a common phrase in legal contracts, signifying the exchange of value that underpins contractual agreements. This concept ensures …
For ten Dollars ($10.00) and other good and valuable …
Sep 30, 2013 · “Consideration” can be either “good” or “valuable” (hence the language “other good and valuable consideration” to cover all bases). A “good” consideration is founded on …
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For Good And Valuable Consideration (Meaning And Contract …
Jan 11, 2021 · What does for valuable consideration mean? Why say “good” and “valuable” consideration? In contracts, when you see a phrase drafted as “for valuable consideration”, the …
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Revisiting “Good and Valuable Consideration”
May 25, 2022 · Here’s how a Georgia statute (Ga. Code Ann. § 13-3-41) explains the distinction: Considerations are distinguished into “good” and “valuable.” A good consideration is such as is founded on natural duty and affection or on a …
The Importance of Consideration in Contracts - Chris Griswold P.C
Feb 4, 2014 · However, contracts legally require that good and sufficient consideration be exchanged by and between the parties to the contract – lest the contract not be validly formed. …
ness contracts is a recital of consideration placed immediately before the body of the contract. Here’s an example: NOW, THEREFORE, in consideration of the prem-ises and the mutual …
valuable consideration - Meaning in law and legal documents, …
Valuable consideration refers to something of value that is exchanged between parties in a contract. It can be money, services, goods, or even a promise to do something. This exchange …
Consideration
Valuable consideration must involve doing something one does not already have a legal obligation to do, or refraining from doing something one has the legal right to do. The phrase …
Legal Definition of Valuable Consideration - Fitter Law
The concept of valuable consideration ensures that both parties have something at stake and are mutually obligated to fulfill their respective promises. By requiring valuable consideration, the …
What Is Good Consideration in Contract Law? - LegalClarity
Feb 5, 2025 · Understanding what constitutes good consideration is crucial for anyone involved in contracts. This concept differentiates binding contracts from unenforceable promises or mere …
What Is a Consideration Clause? | Ironclad
Consideration is the value that both parties to a contract exchange as part of their agreement. If you enter into a contract with another party, you agree to give and get something in return. …
"$20 and other good and valuable consideration" - Caddo Minerals
Sep 13, 2019 · Simply put, the “ other good and valuable consideration” is the amount of money specified in your Purchase and Sale Agreement. Why does my deed say that the purchase …
good and valuable consideration definition · LSData
Definition: Good and valuable consideration refers to something of value that is given or promised by one party in exchange for the promise of the other party. It can be an act, a forbearance, or …
good consideration - Meaning in law and legal documents, …
What does "good consideration" mean in legal documents? Good consideration is a term used in legal contracts to describe a type of value exchanged between parties that is based on …
and other good and valuable consideration - LSD
The employee must meet the goals to provide consideration and make the promise enforceable. The phrase "and other good and valuable consideration" is often included in contracts to …
What is Consideration in a Contract? - O'Flaherty Law
Nov 16, 2020 · In relation to a contract, consideration refers to what each party will receive as a result of the contract, also known as “bargained-for exchange.” For example, consideration …
What is the importance of good and valuable consideration in
Feb 27, 2025 · Good and valuable consideration is important in a contract because it signifies that both parties are giving something of value in exchange for the agreement. This helps ensure …
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