Difference affect the contract terms or conditions

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Reference no: EM133613617

Question

How does this difference affect the contract terms or conditions? In common law contracts, consideration is an essential component. Parties must exchange something of value, which can be monetary value. This can also include promising to do something not required by law or promising to refrain from doing something permitted by law. However, in civil law jurisdictions, consideration is not a concept recognized or required for contract enforceability.What does it mean to mitigate risk? Share some experiences, if you have some.?

Reference no: EM133613617

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