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Consideration
A crucial element in contract law that refers to something of value exchanged between parties, forming the basis for a contract's validity.
Contracting Parties
The entities or individuals that agree to, sign, and are bound by a contract.
Assignment
Assignment involves the transfer of rights or obligations from one party to another, often seen in contracts, leases, or financial agreements.
Supporting Consideration
Consideration provided by a party in a contract that underpins the agreement, ensuring it is legally binding.
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