![]() Media bartering is among the more recent forms of bartering.Ĭompanies can exchange surplus products and inventory for an equal value media inventory in this arrangement. In such arrangements, companies can easily barter trade a product for a service, a good for another product, or vice-versa. The mutual agreement results in gains for all the parties involved.Īnother example of quid pro quo in business could be through bartering. This arrangement is considered legal in the United States as long as all other considerations exist. The broker, in return, provides brokerage and other services such as research on behalf of the investment manager. The manager, in such cases, directs all transactions to a broker. For example, the investment manager may enter into a quid pro quo agreement with a broker in such an arrangement. The soft dollar agreement is the most common example within a business context. For example, the circumstances may include a business-to-business arrangement, work setting dynamics, or even within the political arena. The concept of quid pro quo may take varying forms depending on the circumstances. Within the common law context, quid pro quo indicates a situation where a good or service has been traded for something of equal value. ![]() Therefore, both parties must understand what the contract entails before entering into a The court may also refuse to acknowledge the contract as binding if the terms appear one-sided and unfair. Without such considerations and an offer of equal value, the court may decline to recognize the contract's legitimacy. The quid pro quo contract should stipulate what's on offer and the equal consideration of equal value. ![]() ![]() The meaning of quid pro quo within the business context may vary from a political context.Įssentially, the core of a quid pro quo in a business agreement is the “consideration.” Most times, the consideration could be goods, services, money, or other underlying financial instruments. Over the years, the quid pro quo concept has become common in different contexts. The agreement is valid and binding where all parties agree to the The exchange may be against goods, services, or a favor. In this context, quid pro quo refers to a contract between two or more parties in which there's a reciprocal exchange. It's also possible to assess quid pro quo from a Quid pro quo is a Latin term which loosely translates to "something for something." This refers to a favor or advantage granted in exchange for something else in most contexts. ![]()
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