/fɔr ˈvæljuː rɪˈsivd/ – Phrase
Definition: phải trả tiền theo nguyên tắc tương xứng.
A more thorough explanation: The legal English definition of “value received” refers to the consideration or benefit that a party receives in exchange for entering into a contract or agreement. It signifies that something of worth has been given or promised in return for a promise, performance, or forbearance by the other party. “Value received” is a fundamental concept in contract law to ensure that there is a valid exchange of benefits between the parties involved in a transaction.
Example: The plaintiff alleges that the defendant failed to provide adequate consideration in exchange for the value received.
