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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > C

Consideration

The benefit given by each Party to a Contract to the other Parties in exchange for the contractual promise of those other Parties.

The benefit exchanged can be something physical, monetary or behavioural.

It can be anything that has some value to both the provider and the receiver of the benefit.

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UKAS-ISO9001-Mark-cl-27_Mono
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