Quid pro quo,
Definition of Quid pro quo:
Quid pro quo, a 14th-century Latin term for "something for something," describes when two parties engage in a mutual agreement to exchange goods or services. In a quid pro quo agreement, one transfer is contingent upon a reciprocal transfer. In business and legal contexts, quid pro quo conveys that a good or service has been exchanged for something of equal value.
The key to a quid pro quo business agreement is a consideration, which may take the form of a good, service, money, or financial instrument. Such considerations equate to a contract in which something is provided and something of equal value is returned in exchange. Without such considerations, a court may find a contract to be invalid or nonbinding.
Something for something. Reciprocal mutual consideration whereby one party gives a concession to another in exchange for an equally valuable concession. Latin for, what for what.
Synonyms of Quid pro quo
Agency, Alternation, Balance, Ballast, Battledore and shuttlecock, Blow for blow, Change, Coaction, Commutation, Complementary distribution, Concurrence, Consideration, Cooperation, Counterbalance, Counterchange, Counterpoise, Counterweight, Cross fire, Delegation, Deputation, Deputyship, Displacement, Engagement, Equipoise, Equivalent, Exchange, Give-and-take, Interaction, Interchange, Intercommunication, Intercourse, Interlacing, Intermeshing, Intermutation, Interplay, Intertwining, Interweaving, Interworking, Law of retaliation, Lex talionis, Like for like, Makeweight, Measure for measure, Mesh, Meshing, Mutual admiration, Mutual support, Mutual transfer, Mutuality, Offset, Permutation, Power of attorney, Reciprocality, Reciprocation, Reciprocity, Replacement, Representation, Retaliation, Seesaw, Setoff, Something for something, Something in return, Something of value, Subrogation, Substitution, Supersedence, Superseding, Supersedure, Supersession, Supplantation, Supplanting, Supplantment, Switch, Talion, Tit for tat, Transposal, Transposition, Vicariousness
How to use Quid pro quo in a sentence?
- Quid pro quo, Latin for something for something, describes an agreement between two or more parties in which there is an exchange of goods or services.
- In politics, quid pro quo agreements are acceptable as long as they do not imply bribery or any other misappropriation.
- Courts may render a contract void if it appears unfair or one-sided.
Meaning of Quid pro quo & Quid pro quo Definition