Quid Pro Quo - Explained
What is Quid Pro Quo?
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What is Quid Pro Quo?
Quid pro quo is a Latin phrase meaning "something for something". Basically, it entails any situation where two parties trade one thing for another. Generally, the exchange takes place at the same time and is for equivalent value.
Back To: COMMERCIAL LAW: CONTRACTS, PAYMENTS, SECURITY INTERESTS, & BANKRUPTCY
How does a Quid Pro Quo Work?
Quid pro Quo describes a traditional contractual relationship where value is exchanged between parties. Value in a contract is known as consideration. Quid pro Quo often describes an ethically questionable (and sometimes illegal) scenario where one favor is exchanged for a reciprocal favor. Bribes to company or government officials in exchange for other benefits fall into this category. Quid pro Quo is also used to describe a cause of action for sexual harassment in the workplace. It pertains to a scenario where a manager offers a subordinate employee workplace benefits (higher pay, promotion, time off, better job responsibilities, etc.) in exchange for sexual favors.
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- Glass Ceiling
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- Quid Pro Quo
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