Law dictionary
Terms of art, defined, with the authority each rests on. A term means what the system you are in says it means — so every entry names its jurisdiction, or says plainly that it has none.
4 entries
Consideration
Something of value given by each party to a contract, which induces the other to enter into the agreement. It may be a benefit to the promisor or a detriment to the promisee, but it must move from the promisee …
Consideration
A bargained-for exchange. Under the Restatement (Second) of Contracts § 71, a performance or return promise is bargained for if it is sought by the promisor in exchange for the promise and given by the promisee…
Constructive dismissal
Where an employee resigns in response to a repudiatory breach of contract by the employer, the resignation is treated as a dismissal by the employer. The employee must not delay so long as to affirm the contrac…
Contract
A legally binding agreement between parties. In common law systems it generally requires offer, acceptance, consideration and an intention to create legal relations; civil law systems require agreement and, in …