What is total consideration value?

Total Consideration means the total amount (but without duplication) of (a) cash paid in connection with any Acquisition, plus (b) Indebtedness for borrowed money payable to the seller in connection with such Acquisition, plus (c) the fair market value of any equity securities, including any warrants or options …

What is an example of valuable consideration?

For example, in a contract for the sale of goods the money paid is the valuable consideration for the vendor, and the property sold is the consideration for the purchaser.

What does valuable consideration mean in real estate?

A legal term meaning any consideration sufficient to support a contract. The word “valuable” does not mean of great value but merely having value.

Is consideration the purchase price?

In simple terms, anything of value that is promised by one party to another can be viewed as a consideration. In finance, this term is commonly used in mergers & acquisitions (M&A). For a contract to be valid, there must be an offer, acceptance, and consideration.

How is consideration determined?

Basically, a consideration is determined when the two or more parties to a contract change their positions, such as promising something you are not legally required to do or promosing not to do something you are legally free to pursue.

What is a consideration means?

careful thought
1 : careful thought : deliberation Give my idea some serious consideration. 2 : thoughtfulness for other people. 3 : something that needs to be thought over carefully before deciding or acting. 4 : a payment made in return for something.

What is consideration explain?

‘Consideration’ means “something in return”, i.e. quid pro quo that is an essential element to find out the genuine intention of the parties of the promise to create legal relationship. Consideration is an essential component of a valid contract. Consideration is the price for the contract.

What is good and valuable consideration?

A good consideration is something that is legally permissible, does not violate the public policy and is acceptable by the parties. A valuable consideration is something of value exchanged by the parties (typically money is a valuable consideration)

What is a good consideration?

GOOD CONSIDERATION Definition & Legal Meaning A reason for doing something based on natural affection, generosity, love, or moral duty. This reason is insufficient to judge a commercial contract or promise enforceable as it lacks valid, valuable, and legal basis for the reason.

What is a contract for valuable consideration?

For a contract to be valid, consideration must be ‘sufficient’, and as such, valuable consideration is often used as a means by which to determine if a contract is valid, by asking if the consideration is ‘valuable’ in any sense (not necessarily monetary) to one or both parties.

What is property consideration?

The consideration is to be marked within the transfer deed and, essentially, means what will be exchanging hands in consideration of the transfer of ownership taking place. In most cases, property is transferred for an agreed sum of money, based upon its current value.

Is consideration always monetary?

Is consideration always money? There are many writings and court judgments on what constitutes consideration. Most contracts use money, but it does not mean that other objects or services cannot be accepted.

What is good consideration?

A reason for doing something based on natural affection, generosity, love, or moral duty. This reason is insufficient to judge a commercial contract or promise enforceable as it lacks valid, valuable, and legal basis for the reason.

Is consideration a quality?

Consideration is kindness and thoughtful regard for others, or an act of thoughtfulness. Treating others as you would have them treat you (the Golden Rule) is one example of consideration.

Is $1 adequate consideration?

The one dollar is considered nominal consideration and therefore inadequate. The one dollar is essentially pretend consideration which courts see through. On the other hand, bad negotiation will not generally result in a contract being deemed unenforceable.

Is $1 valuable consideration?

A common form in which nominal consideration is expressed is “the payment of $1 (receipt of which is acknowledged)”. What is a ‘deed’? A deed is a special type of agreement that is recognised by courts as being a binding legal obligation, even if the parties have not exchanged something of value (consideration).