In a contract, what is the term that describes the bargaining portion?

In a contract, the term that describes the bargaining portion is consideration. Consideration refers to something of value that is exchanged between parties involved in the contract. It is an essential element in forming a valid contract, as it represents the reason each party enters into the agreement. Without consideration, a contract may be deemed unenforceable because it indicates that neither party is obligated to perform their end of the bargain.

In the context of contract law, consideration can take various forms, including money, services, goods, or a promise to refrain from an action. This mutual exchange is what distinguishes a contract from a mere promise, establishing that both parties have a stake in the transaction.

The other terms listed do not pertain directly to the bargaining aspect of a contract. Concealment relates to the act of hiding facts that may influence the contract. Contempt involves disrespect toward the court or legal process. Conditional judgment refers to a decision made in court that depends on certain conditions being met. None of these terms encapsulate the concept of the mutual value exchange that is integral to the bargaining process in contracts.