Cartoon Guy Holding Stack Of Books

Failure of Consideration

ABC Blocks

A contract in which one party promises to submit an idea and the other party promises to evaluate it. after the evaluation, the evaluator will either enter into an agreement to exploit the idea or promise not to use or disclose the idea.

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.