n. 1) Payment or money. (2) An essential element of contract law, consideration, is an advantage that must be negotiated between the parties and is the main reason for the conclusion of a contract by a party. The consideration must be of value (at least for the parties) and is exchanged for the performance or promise of performance of the other party (this performance is itself a consideration). In a contract, one counterparty (business) is exchanged for another counterparty. Not making a plot can be a thought, like, “I`m going to pay you $1,000 not to build a road next to my fence.” Sometimes the consideration is “nominal”, which means that it is only indicated for the form, for example.B. “$10 in return for the transfer of ownership”, which is used to hide the actual amount that is paid. But if the same person offers to pay you $10 each day you drove them to work, a one-sided contract only binding the promiser until you`ve provided consideration by driving them to work on a given day. Agreement regardless of importance in Hindi: Get the meaning and translation of the agreement without taking into account in the Hindi language with grammar, antonyms, synonyms and uses of sentences….