Contract Glossary
Quid Pro Quo
Definition
Latin for 'something for something.' In contracts, it refers to the exchange of value between parties, each side gives something to get something. It's the basic concept behind consideration, which makes a contract legally binding.
In Practice
Every enforceable contract has a quid pro quo: you provide services, the client pays money. You grant a license, the licensee pays royalties. If one side gets nothing in return, there's no consideration and no enforceable contract, that's just a gift. The exchange doesn't have to be equal, but it has to exist.
Common in these contract types
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