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Consideration
Something of value that is exchanged between parties in a contract, making the agreement legally binding.
Preexisting Contract
A legal agreement that was created and became effective before the current discussion or issue.
Additional Consideration
Extra benefits or compensation provided to one party in a contract to modify or amend the original terms.
Consideration
In contract law, consideration is the benefit or value that parties agree to exchange, which is necessary for a contract to be legally binding.
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