How do you make sure you meet the consideration requirement when enterining into a contract? How do you make sure you meet the consideration requirement when renogiating an existing contract?

Given the liability protection that exists with the LLC, would there ever be any reason to choose a partnership as your form of business?

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Meeting the Consideration Requirement in Contract Formation 1 Understanding Consideration Consideration is a fundamental element of a contract referring to something of value exchanged between parties ... View the full answer