Common use of Gift Clause in Contracts

Gift. The terms “Gift and “Gifts” mean anything of value, whether tangible or intangible, real or personal property, goods or services, that provides a personal benefit to an individual when the individual does not provide full consideration for the value of the benefit received.

Gift. The terms “Gift and “Gifts” mean anything of value, whether tangible or intangible, real or personal property, goods or services, that provides thatprovides a personal benefit to an individual when the individual does not provide full consideration for the value of the benefit received.