Legal Definitions - in consideratione inde

The Latin phrase in consideratione inde translates to "in consideration thereof" or "in exchange for that." In a legal context, it refers to the basis or reason for an action, promise, or agreement, often highlighting the reciprocal exchange of value between parties.

It signifies that something is being done or given because of, or in return for, something else that has just been stated or agreed upon. It's a way of linking a subsequent action or obligation directly to a preceding one, emphasizing the mutual understanding or benefit that underpins a legal arrangement.

Here are some examples:

• Example 1: Employment Contract

  Imagine an employment contract stating, "The Company agrees to employ Ms. Chen as Senior Software Engineer, and in consideratione inde, Ms. Chen agrees to dedicate her full professional efforts to the Company's projects and abide by all company policies."

  Explanation: Here, "in consideratione inde" clarifies that Ms. Chen's agreement to work diligently and follow policies is directly in exchange for the Company's promise to employ her. Her obligations are the "consideration" for the Company's offer of employment.

• Example 2: Sale of Goods

  A sales agreement might read, "Buyer agrees to pay Seller $5,000 for the antique desk, and in consideratione inde, Seller agrees to transfer ownership of the desk to Buyer upon receipt of payment."

  Explanation: This phrase indicates that the Seller's promise to transfer ownership is made specifically in exchange for the Buyer's promise to pay $5,000. Each party's promise is the "consideration" for the other's, forming a binding agreement.

• Example 3: Settlement Agreement

  In a legal dispute, a settlement document might state, "Party A agrees to pay Party B $10,000 to resolve all outstanding claims, and in consideratione inde, Party B agrees to release Party A from any further liability related to the dispute."

  Explanation: "In consideratione inde" highlights that Party B's agreement to drop all future claims is directly contingent upon and in exchange for Party A's payment of $10,000. The payment is the basis for Party B's release of liability.