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consideration clause


Definitions of consideration clause

a paragraph or section of a contract that states what is to be given or promised by one party in exchange for the promise or action of the other

The court ruled that the consideration clause was clear enough to find that there was a contract.

the clause in an insurance contract that states the amount of the initial and renewal premiums and when future payments must be made

This should have been clearly stated in the consideration clause of the life insurance policy.