mutuality of consideration
mutuality of consideration, defined:
a principle of contracts that each party must get something of legal value from the bargain for there to be a contract. The mutuality of consideration distinguishes a contract from a gift. Compare mutuality of consideration to nominal consideration which designates consideration of insufficient legal value to justify a contract.
mutuality of consideration, as it might be used:
The exchange of money for goods represented a mutuality of consideration.
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Clear-Point Law Dictionary
