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Sturgeon Bay Utilities Regular Meeting 230 E Vine Street, Sturgeon Bay WI 5423512:00 P.M., Tuesday, December 12th, 2023 (1)Roll call.(2)Adopt agenda.(3)Public comment on agenda items only.(4)Approve
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What is consideration of contract for?
Consideration of contract refers to something of value that is exchanged between parties in a contract, which is essential for the contract to be legally binding.
Who is required to file consideration of contract for?
Typically, the parties involved in the contract are required to file consideration of contract, usually the party offering consideration.
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To fill out a consideration of contract, provide the details of the parties involved, the nature of the consideration, the terms of the contract, and ensure it is signed by all parties.
What is the purpose of consideration of contract for?
The purpose of consideration of contract is to ensure that there is a mutual agreement between the parties, which involves the exchange of something valuable that legitimizes the contract.
What information must be reported on consideration of contract for?
Information that must be reported includes the identities of the parties, the specifics of the consideration, the date of the agreement, and any terms and conditions of the contract.
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