The Tender For Law

Volume 6

Jun 25, 2014 9:28 PM

Pete Daoust

Consideration Money or other payment provided in exchange for an act or service that helps a business. Consideration may be cash in which case, it is more like a sale or payment-in-kind. For example, a person may receive a certain amount of equity in a business in exchange for giving or allowing the business to use the person's intellectual property.