Q&As

Is consideration required for a non-disclosure agreement?

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Published by a LexisNexis Information Law expert
Published on: 04 January 2017
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Consideration is an essential ingredient for an enforceable legal contract.

Consideration can be in the form of money or money’s worth or may be satisfied by the exchange

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Jurisdiction(s):
United Kingdom
Key definition:
Non-disclosure definition
What does Non-disclosure mean?

The failure by an insured to declare a material fact, which would have affected the insurer’s ability to assess the risk, the terms of the policy and/or premium charged.

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