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Under “Waiver of Liability/Hold Harmless,” what does “for value received” mean?

April 26, 2017harmless hold liability mean value

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Under “Waiver of Liability/Hold Harmless,” what does “for value received” mean?

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“For value received” is standard contract language. It means that all parties to the contract receive a benefit by entering into the contract, such as access to NCYC programming. There is a value to that programming that may not be captured in dollars.