Examlex
Using jargon is an ineffective way to communicate with others.
Consideration
Something of value exchanged between parties in a contract, making the agreement legally binding.
Adequacy of Consideration
An evaluation of whether the value exchanged between parties in a contract is reasonably fair at the time of the agreement.
Bargained-for Exchange
An essential principle of contract law involving the mutual exchange of promises or consideration between parties entering an agreement.
Legal Sufficiency
The adequacy of evidence or legal grounding in an agreement, claim, or defense that meets minimum legal standards to proceed or withstand scrutiny in a court of law.
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