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adequate consideration


Definitions of adequate consideration

payment or something of value made in exchange for performance of a contract that is acceptable for a contract to be binding. In common law systems, consideration is a necessary element for an enforceable contract.

A non-compete clause cannot be enforced if it lacks adequate consideration.

the phrase adequate consideration is often used to say that not enough thought has been given to a particular issue

The courts must give adequate consideration to the victims of crime.