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What is Quid Pro Quo??
Meaning :
"Something given or received for something else" is what quid pro quo means. Giving or receiving something in exchange for something else is not inherently wrong, but in legal contexts, the phrase "quid pro quo" frequently refers to an act that is unlawful. For instance, if a business pays a government official in exchange for a contract that should properly go to the firm that can best fulfill the contract requirements.
Origin :
The word quid pro quo originally meant switching out one medication for another in a medical setting. First-half sixteenth-century residents would visit an apothecary to obtain the medication they required, but if it was not available, they would receive a quid pro quo—a substitute. The phrase meaning evolved over time to encompass all kinds of interactions.
Example :
A quid pro quo business transaction is one in which two parties barter something of worth for something else of equal or greater value. In some situations, a quid pro quo may entail a scenario that is more morally dubious and involves a "favour for a favour" arrangement as opposed to a fair trade of equally valued products or services.
Features :
- The phrase means "something for something" in Latin.
- A quid pro quo arrangement is one in which two or more parties exchange products or services in exchange for one another.
- Even if a quid pro quo arrangement is legitimate, it could be seen as dishonest or dubious.
- Quid pro quo agreements may be allowed in politics, provided they do not suggest bribery or any other form of misappropriation.
- A quid pro quo consideration is frequently required because courts may declare a business contract invalid if it appears unfair or one-sided.