Definition of «consideration»

The term consideration refers to something given in exchange for a promise or an act. It is commonly used in legal contexts, particularly when it comes to contract law. In essence, it means that both parties involved in an agreement must provide some form of value or benefit to one another as part of the deal. This could be money, goods, services, or even promises to perform certain actions. The concept of consideration is crucial to the formation and enforcement of contracts because it ensures that there is a mutual exchange between both parties involved.

Usage examples

When making a major purchase, it is important to take several considerations into account, such as the item's price, quality, and functionality.
In a job interview, employers often take into consideration the candidate's qualifications, experience, and communication skills.
When planning a trip, some considerations to keep in mind include the destination's climate, local culture, and cost of living.
In a legal contract, both parties should have clear considerations, such as payment terms, delivery schedule, and liability clauses.
Before making a decision, it is essential to give careful consideration to all the available options, their benefits, drawbacks, and potential consequences.

Phrases with «consideration»

Sentences with «consideration»

If you can't personally finance the business, you can always take into consideration of other sources of funding like family and friends or government programs, etc.. (profitableventure.com)
It's also made me aware of the need for consideration of others who find security in such and are not as passionate about creativity as I am. (nakedpastor.com)
If you are looking for how to choose the best seat for you, there are a few different things you need to take into consideration for how they fit into your life. (bestcarseathub.com)
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Definition of «consideration»

Usage examples

Phrases with «consideration»

Sentences with «consideration»

See also