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Promise
1) A firm commitment to perform an act, refrain from acting, or make a payment or delivery. 2) In contract law, something of value provided in return for the other party's promise (both of which are referred to as consideration). Failure to fulfill a contractual promise is a breach, for which the other party may seek legal remedies such as performance and damages.
LA-NOLO5:DRU.1.6.5.20141022.29090