ear all,
I am looking for cases on the question whether there can be
consideration in an arrangement where 1 party "A" agrees to confer a
benefit on the other party "B" in say 3 months, if B takes certain
steps but both A and B retain the right to terminate the arrangement
at any time before conferral, for any reason whatever.
Can such an arrangement constitute a binding contract before the steps
are taken and the benefit conferred?
In practical terms, the benefit is that neither party thinks that the
other will resile, though both accepts that they are free to do so.
Comments welcome.
Kind regards
Ger