any intention to create legal relationsA strip bar/night club would fall under this category. Since the judges appear to recognize that the clubs and bars are particularly fraudulent in nature between the partners and co-owners involved in the establishment. Therefore the partners would rather discuss business matters and allegations within their own roof. They would stick to each others word of honour rather than go to the courts. There must be consideration (unless the agreement is under seal).The inducement, price or motive that causes a party to enter into an agreement or contract. It is something of value that is given in exchange for getting something from another person. For example, rent payments paid to receive the right to rent an apartment. A compensation which is paid, or all inconvenience suffered by the party from whom it proceeds. Or it is the reason which moves the contracting party to enter into the contract. A cause or occasion meritorious requiring a mutual recompense in deed or in law. A consideration of some sort or other is so absolutely necessary to the forming a good contract that a nudum pactum, or an agreement to do or to pay any thing on one side without any compensation to the other, is totally void in law, and a man cannot be compelled to perform it. But contracts under seal are valid without a consideration or perhaps, more properly speaking, every bond imports in itself a sufficient consideration though none be mentioned. Negotiable instruments, as bills of exchange and promissory notes, carry with them prima facie evidence of consideration. The consideration must be some benefit to the party by whom the promise is made, or to a third person at his instance; or some detriment sustained at the instance of the party promising by the party in whose favor the promise is made. Considerations are good when they are for natural love and affection; or valuable when some benefit arises to the party to whom they are...
