MLchartDataset catalogue

For value received

Term · Law · MLC-T-LAW-005352

A phrase often included in contracts, promissory notes, or other legal documents to acknowledge that consideration has been exchanged between the parties. It serves as an admission that something of legal value, such as money, goods, services, or a promise, has been provided in return for the obligation undertaken. This phrase supports the enforceability of the agreement by confirming the presence of consideration.

Table 1. Record
IdentifierMLC-T-LAW-005352
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005352",
  "term": "For value received",
  "field": "Law",
  "definition": "A phrase often included in contracts, promissory notes, or other legal documents to acknowledge that consideration has been exchanged between the parties. It serves as an admission that something of legal value, such as money, goods, services, or a promise, has been provided in return for the obligation undertaken. This phrase supports the enforceability of the agreement by confirming the presence of consideration.",
  "url": "https://mlchart.com/terminology/law/for-value-received/"
}

Record 2,069 of 5,441 in Law terminology (MLC-0107). Request the full dataset.