Adequate consideration definition

Adequate consideration means that the fair market value (FMV) of the property or services received, in exchange for transferred property, approximates the FMV of the property transferred.

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Adequate consideration means the personal property or

Adequate consideration means the property was given to the

Examples of Adequate consideration in a sentence

• Adequate consideration shall be paid to the Seller or its designee by wire transfer in immediately available funds (or by such other method as shall be mutually acceptable to the parties hereto) on the Closing Date.

• Adequate consideration shall also be given to compliance of the equipment and works with local environmental conditions such as temperature, altitude, humidity, dust, vermin, attitude of personnel who will occupy the premises etc.

• Adequate consideration required in transfer between husband and wife.

• Confidentiality, Non-Competition, and Non-Solicitation Agreements Adequate consideration for a covenant not to compete varies from case to case.

• Adequate consideration has been provided to ▇▇▇▇▇▇▇ for this obligation, the receipt and sufficiency of which is hereby specifically acknowledged.

More Definitions of Adequate consideration

Adequate consideration means consideration equal, or reasonably proportioned to the value of that for which it is given.

Adequate consideration means the reasonable value of the goods or services received in exchange for transferred property that approximates the reasonable value of the prop- erty transferred.

Adequate consideration means the property was given to the person as payment for bona fide goods or services provided by the person and the payment was at a rate that was customary for similar goods or services in the community that the vulnerable adult resided in at the time of the transaction.

Adequate consideration means (1) the employee worked for

Adequate consideration means the personal property or financial resources were given to the person as payment for bona fide goods or services provided by such person and the payment was at a rate customary for similar goods or services in the community that the dependent adult or elder person resided in at the time of the transaction.

Adequate consideration means (1) the employee worked for the employer for at least 2 years after the employee signed an agreement containing a covenant not to compete or a covenant not to solicit or (2) the employer otherwise provided consideration adequate to support an agreement to not compete or to not solicit, which consideration can consist of a period of employment plus additional professional or financial benefits or merely professional or financial benefits adequate by themselves.

Adequate consideration means the reasonable value of the goods or services received in exchange for trans- ferred property approximates the reasonable value of the property transferred.