Examlex
How would trademarks and copyrights be listed on a company's balance sheet?
Unilateral Contract
A contract in which one party promises to perform a specific action in return for a performance, not a promise, by the other party.
Consideration
Consideration in contract law refers to something of value exchanged between parties as part of an agreement.
Illusory Promise
A statement that appears to be a promise but does not actually bind the party to any obligation, making it unenforceable as a contract.
Liquidated Debt
A debt or claim whose precise monetary value has been determined, acknowledged, or agreed upon by all involved parties.
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