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Consideration in Contract Law
Vocabulary Builder
- To tackle: To confront or deal with a challenge or problem. (e.g., "The lawyers decided to tackle the issue of liability head-on.")
- Consideration: Something of value exchanged between parties to make a contract binding. (e.g., "The consideration for the lease was the monthly rent payment.")
- To enter into: To formally become involved in an agreement or contract. (e.g., "The parties entered into a binding arbitration agreement.")
- To unpack something: To analyze or explain something in detail. (e.g., "The judge carefully unpacked the complex legal arguments.")
- A bargain: An agreement between parties, often involving the exchange of goods or services. (e.g., "The plea bargain allowed the defendant to avoid a lengthy trial.")
- Cold hard cash: Money in the form of physical currency, emphasizing its immediate and tangible nature. (e.g., "The contract required payment in cold hard cash.")
- To be all ears: To listen attentively. (e.g., "The mediator was all ears as the parties explained their positions.")
- To give up something: To relinquish a right, claim, or possession. (e.g., "The defendant gave up their right to a jury trial.")
- To trim hedges: To reduce or limit something, often to avoid risk or exposure. (e.g., "The company trimmed its legal liabilities by implementing a new safety protocol.")
- Forbearance: The act of refraining from enforcing a right or debt. (e.g., "The bank granted the homeowner forbearance on their mortgage payments.")
- The backbone of something: The essential part of something that provides support. (e.g., "Contract law is the backbone of commercial transactions.")
- To spot something: To identify or notice something, often that is difficult to find. (e.g., "The lawyer spotted a loophole in the contract.")
- To wrap up: To conclude or finish something. (e.g., "The parties hoped to wrap up negotiations by the end of the week.")
- Likewise: Similarly; in the same way. (e.g., "The plaintiff breached the contract; likewise, the defendant failed to fulfill their obligations.")
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By Eric FroilandVocabulary Builder
- To tackle: To confront or deal with a challenge or problem. (e.g., "The lawyers decided to tackle the issue of liability head-on.")
- Consideration: Something of value exchanged between parties to make a contract binding. (e.g., "The consideration for the lease was the monthly rent payment.")
- To enter into: To formally become involved in an agreement or contract. (e.g., "The parties entered into a binding arbitration agreement.")
- To unpack something: To analyze or explain something in detail. (e.g., "The judge carefully unpacked the complex legal arguments.")
- A bargain: An agreement between parties, often involving the exchange of goods or services. (e.g., "The plea bargain allowed the defendant to avoid a lengthy trial.")
- Cold hard cash: Money in the form of physical currency, emphasizing its immediate and tangible nature. (e.g., "The contract required payment in cold hard cash.")
- To be all ears: To listen attentively. (e.g., "The mediator was all ears as the parties explained their positions.")
- To give up something: To relinquish a right, claim, or possession. (e.g., "The defendant gave up their right to a jury trial.")
- To trim hedges: To reduce or limit something, often to avoid risk or exposure. (e.g., "The company trimmed its legal liabilities by implementing a new safety protocol.")
- Forbearance: The act of refraining from enforcing a right or debt. (e.g., "The bank granted the homeowner forbearance on their mortgage payments.")
- The backbone of something: The essential part of something that provides support. (e.g., "Contract law is the backbone of commercial transactions.")
- To spot something: To identify or notice something, often that is difficult to find. (e.g., "The lawyer spotted a loophole in the contract.")
- To wrap up: To conclude or finish something. (e.g., "The parties hoped to wrap up negotiations by the end of the week.")
- Likewise: Similarly; in the same way. (e.g., "The plaintiff breached the contract; likewise, the defendant failed to fulfill their obligations.")
Need Classes?
Legal English innovation has several classes weekly, focusing on commercial law and other areas to help you communicate better with your clients.
+57 320-315-4781
Follow us on Instagram!
Friends on Facebook?
Like us on Linked In?