Copyright © 1997, 2001 Jay M. Tyndall (Unless Indicated Otherwise)



United States Intellectual Property Law Overview

E-mail comments to -
site_management@transjurlex.com



Consideration - The bargained for mutual exchange of promises to perform which is the subject of a valid contractual agreement
Note: An agreement will have no consideration and, thus, fail, if the promised performance is something gratuitous, something already owed, something already done in the past, a mere moral obligation, or something unsolicited. In this sense, it is said that the promise must be made to the promisor's "detriment".


Back to the Protection of Ideas


Nothing in this site is intended in any way to constitute legal advice or to create an attorney-client relationship. The author, Jay M. Tyndall, shall not be liable for any damages of any type, whether actual or consequential, which may arise from the use or reliance of any reader on the content of this site or any site to which it links.