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Simple English definitions for legal terms

and other good and valuable consideration

Read a random definition: sham lawsuit

A quick definition of and other good and valuable consideration:

Consideration is something that one person gives or promises to give to another person in exchange for something else. It can be an act, a promise, or something else of value. Consideration is important in making a contract legally enforceable. It must be fair and reasonable, and both parties must agree to it. If there is no consideration, there is no contract. In parliamentary law, consideration refers to the process by which a group discusses and votes on a motion. In history, consideration also referred to a court's judgment.

A more thorough explanation:

Definition: And other good and valuable consideration. Consideration is something (such as an act, a forbearance, or a return promise) that is bargained for and received by a promisor from a promisee. It motivates a person to do something, especially to engage in a legal act. Consideration, or a substitute such as promissory estoppel, is necessary for an agreement to be enforceable.

Example: A company promises to pay an employee a bonus of $5,000 at the end of the year if the employee meets certain performance goals. The performance goals are the consideration for the promise of the bonus. If the employee meets the goals, they have provided consideration and the company must pay the bonus.

Explanation: In this example, the promise of the bonus is the offer, and the performance goals are the consideration. The employee must meet the goals to provide consideration and make the promise enforceable. The phrase "and other good and valuable consideration" is often included in contracts to indicate that there is additional consideration beyond what is explicitly stated in the contract.

and his heirs | androlepsy

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Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
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