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Agreed. One of the most startling discoveries I had about contracts was the concept of "consideration", i.e. that both parties of a contract should be getting
by ergothus 10y ago
Agreed. One of the most startling discoveries I had about contracts was the concept of "consideration", i.e. that both parties of a contract should be getting something of roughly equal value. Without consideration, the contract becomes unenforceable. Prior to learning that, I viewed contracts as a set of rules, and if you didn't like the rules you agreed to, well, you lost at the contract game. Consideration turned out to be the first of a lot of contract concepts I didn't know of (and doubtless there are many concepts I still don't know about).
My ex went to law school, and I found the attitude of "non-lawyers have no business having opinions about the law" that her law school promoted to be vile. That said, I've found that it's a good idea to assume that any legal issue is NOT straightforward. Doing otherwise usually ends up making me look ignorant, and has me spreading false conclusions to other non-lawyers around me.
- smallnamespace 10y ago> something of roughly equal value The value doesn't have to be equal, simply that both sides offer something of value: https://en.wikipedia.org/wiki/Consideration#Monetary_value_of_consideration https://en.wikipedia.org/wiki/Consideration#Monetary_value_o...
- ergothus 10y agoMany record contracts are overturned once the person gets famous. I was told this was usually due to consideration issues, though I don't know that is a fact.