Examlex
Solve the multiple-angle equation.
Adequate Consideration
A fair and reasonable value exchanged in a contract, ensuring that all parties receive something of value.
Arbitration Clause
A provision in a contract that requires the parties to resolve disputes through arbitration rather than through litigation in court.
Preexisting Duty
An obligation that a party is already legally bound to, which cannot serve as consideration for a new contract.
Forbearance to Sue
An agreement or arrangement where a party chooses not to pursue legal action in exchange for some form of compensation or under specific conditions.
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