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What is the value of consideration?

Valuable consideration broadly refers to a sufficient price paid by a party in exchange for something in a contract or sale. The valuable description of consideration also may mean that the consideration is monetary in contrast to other payment such as services or agreeing to forbear legal remedies.

How is net consideration calculated?

Net Consideration means all of the License Consideration, minus the Patent Expenses, Licensing Expenses and Management Fee.

What does net consideration mean?

Net consideration is the total purchase price less the value of any liens or encumbrances, included in the purchase price, that remain on the real property at the time of the sale and are not removed as a result of the sale (mortgage being assumed by buyer, special assessment liens, mechanic liens, etc.).

What is a simple definition of consideration?

Definition of consideration something that is or is to be kept in mind in making a decision, evaluating facts, etc.: Age was an important consideration in the decision. thoughtful or sympathetic regard or respect; thoughtfulness for others: They showed no consideration for his feelings.

What is an example of good consideration in real estate?

For example, good consideration in real estate is when a buyer and seller agree to the terms and conditions for the purchase of a home. This is a good consideration as it is something legally permissible and it is good between the parties.

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