Valuable Consideration Legal Meaning and Definition

Here is a simplified definition of the legal term Valuable Consideration.

Valuable Consideration (noun)

Valuable Consideration is a serious promise or thing given by one person to another person during a lawful agreement. It can be money, things like materials, or a job that can be measured in money. The Valuable Consideration needs to be part of a valid agreement for the law to enforce or make sure the agreement is followed.