Legal Question in Business Law in Pennsylvania

does a first rights and options to purchase business and property have to have some type of money or something else giving in exchange in consideration to make the agreement binding


Asked on 6/29/12, 8:41 pm

1 Answer from Attorneys
Scott Polsky

All contracts require "consideration" to be provided by both parties for the contract to be valid and enforceable. Consideration is something of value. An attorney experienced in drafting contracts should be able to solve this problem easily. Feel free to call me (215-367-5110) to discuss further.

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Answered on 7/13/12, 9:24 am


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