In order for a court to recognize a contract as a binding agreement between the contracting parties,there must be clear evidence of each party having given something of value in exchange for receiving something of value.

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This principle is known as "consideration," which is a fundamental requirement for the formation of a legally binding contract. Consideration refers to the value that each party agrees to give or receive as part of the contract.

In Order for a Court to Recognize a Contract as a Binding