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A contract includes a consideration clause of £1 — is this really sufficient?
Discussion in 'Contracts & Consent' started by John, 24 Aug 2026.
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What's your take on this — what experience or question can you share?
Scenario: A detailed commercial contract includes a consideration clause stating 'in consideration of £1 and other good and valuable consideration.' The actual value exchanged is far greater, but the nominal £1 is the only cash payment.
Question: Is £1 really sufficient consideration to support the contract, or is this a problem for enforceability? What is the purpose of nominal consideration clauses, and how have courts treated them? Would your analysis differ if the contract stated £1 only, without the 'other good and valuable consideration' language?
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