Explain the concept of "composition with creditors" and its relation to consideration. How does consideration relate to the remedies for breach of contract?
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what is consideration Informational
- Can the licensor's grant of rights be valid consideration? What are the key legal and practical considerations for businesses when structuring transactions to ensure that adequate and legally sufficient consideration is exchanged?
- Can the advertiser's promise to promote the product be valid consideration? What are the remedies available for a breach of contract where the consideration provided was inadequate or illusory?
- Can past consideration support a present promise? Explain the concept of "something of value" in the context of consideration.
- Can the service provider's promise to perform maintenance be valid consideration? What are the potential legal arguments that can be raised to argue that a contract is voidable due to a lack of genuine or real consideration?
- How does the doctrine of consideration apply in the context of online advertising agreements?
- Can the installer's promise to perform installation be valid consideration? What are the key legal and practical considerations for businesses when entering into long-term contracts that may involve adjustments to the consideration over time?
- How does the concept of consideration apply in the context of distribution agreements?
- Can the researcher's promise to conduct research be valid consideration? What are the key factors that courts consider when determining whether a promise to perform an existing contractual duty can constitute valid consideration for a new promise?
- How does the doctrine of consideration apply in the context of graphic design agreements?
- Is there a requirement for consideration to move from the promisee?
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