/kənˌsɪdəˈreɪʃən klɔz/ – Phrase
Definition: Đây là một điều khoản trong hợp đồng pháp lý, nó xác định các yếu tố cần thiết để hợp đồng trở nên hợp lệ.
A more thorough explanation: 1. a paragraph or section of a contract that states what is to be given or promised by one party in exchange for the promise or action of the other
2. the clause in an insurance contract that states the amount of the initial and renewal premiums and when future payments must be made
Example: 1. The court ruled that the consideration clause was clear enough to find that there was a contract.
2. This should have been clearly stated in the consideration clause of the life insurance policy.