By the Business Attorneys at Garg & Associates, PC, serving The Woodlands, Spring, Houston, Conroe, Humble, Kingwood, Tomball, Cypress, Huntsville, Westchase, Southwest, Sugar Land, West Oaks, Alief, Memorial, River Oaks, Stafford, Katy, and Missouri City.

The offer is valid and has been properly accepted.  What next?

There must be consideration, or something of value given in exchange for performance or a promise of performance, something bargained for.  Generally, the parties must exchange something. On an aside, the consideration requirement is usually not fulfilled when a party promises something for something already done.  For example, Girl painted Boy’s house last week without being promised anything, then Boy promises Girl today that he will pay her $475 and a bag of chips.  Boy’s promise would not be enforceable.

Call Garg and Associates today at 281-362-2865 or complete our Contact Form and let us assist you with your business law services and litigation needs.