The settlement agreement in this case is valid without consideration.

Name: The settlement agreement in this case is valid without consideration.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

For a settlement agreement to be valid, there must be consideration, which is something of value exchanged between the parties to make the agreement legally binding. Without consideration, the agreement lacks one of the essential elements required for a valid contract.

The Settlement Agreement in This Case Is Valid Without Consideration