Quid
/kwɪd/
Definitions
- (n.) A legal term meaning a thing or a quid pro quo, typically denoting something given in exchange or consideration in a contract or agreement.
The parties agreed on the quid to be exchanged to finalize the deal.
Related terms
See also
Commentary
Often used in legal contexts to denote an item or consideration exchanged in return for something else; can imply mutual obligations in contractual agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.