Quote ="Adeybull"Offer, acceptance and CONSIDERATION for a contract, Liane? The consideration does not have to be "adequate", there just has to be some. If the latter is unclear, or there is none, then it has to be under deed. Not sure what the consideration in contractual terms would be, although in more general terms "still having a team to watch" might cut it? Would not want to bet the house on it though.
If it ever came to legal action, then it could well be that on balance of probabilities everyone pledging was well aware they would be expected to pay - so it could be legally binding providing a consideration could be demonstrated (hard?). But if it ever gets to that situation, we are stuffed anyway.
ps - 'Vark got in before I wrote this, and he is much better qualified to comment than me. Is it totally clear there is no consideration at all?'"
I hope the club are not relying on getting a club as a consideration! It confuses me and is why I probably should be reading my purchasing and supply law text book and not reading posts!
