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Simple English definitions for legal terms

and other good and valuable consideration

Read a random definition: extraordinary care

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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