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Consideration
Consideration in contract law refers to something of value promised to another when making a contract, which can be a service, money, or an object.
Bilateral Contract
A type of contract involving two parties where each party makes a promise or set of promises to the other.
Consideration
Something of value exchanged between parties in a contract, making the agreement legally binding.
Inadequate Consideration
A situation in a contractual agreement where the value exchanged between parties is significantly disproportionate or deemed insufficient.
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