Contract Consideration | Enforceability of Contracts

ARTICLES

Draw the Law: Consideration is the Cornerstone of Contracts, Part I

March 21, 2012

This article is part of a series which explains legal concepts especially relevant to entrepreneurs in both words and (often funny) pictures.  This entry continues a section of that series which focuses on contracts.  This particular entry focuses on consideration, a legal term of art which is, nonetheless, the cornerstone of contract law.  The article explains what consideration is and presents examples of what can and cannot constitute consideration, and further explains what happens to a contract when consideration does not exist. 

- Summary by FizzLaw Team

Read the Article at:
Draw the Law: Consideration is the Cornerstone of Contracts, Part I

AUTHOR

Ryan Hew

Ryan Hew

FizzLaw is a product of Legal Services Management (LSM). Also included in the LSM portfolio is Business Law Network, LLC (BLN). BLN sponsors a network of independent lawyers serving middle market and small businesses, and Legati, a business litigation service providing fixed fee prices for litigation.