Examlex
What is found in a mature ecosystem?
Promissory Estoppel
A legal principle preventing a party from going back on a promise, which another party relied upon, even if there was no formal contract.
Consideration
In contract law, it is something of value exchanged by the parties involved in a contract, making the agreement legally binding.
Accord And Satisfaction
A legally binding agreement to settle a disputed claim for a definite amount.
Adequacy Of Consideration
The fairness of the value or price exchanged in a contract, though the law typically does not require consideration to be equal in value.
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