Newell Brands, Inc. (NWL) CEO Michael Polk on Q2 2016 Results - Earnings Call Transcript Jul.29.16 | About: Newell Brands (NWL) Newell Brands, Inc. (NYSE:NWL) Q2 2016 Earnings Conference Call July 29, 2016 8:30 AM ET
Per Quod Law and Legal Definition In a civil action, per quod phrase prefaces the recital of the consequences of certain acts as a ground of special harm to the plaintiff in a civil complaint. In law of defamation, with respect to slander, per quod means that proof of special damages is required. With regard to libel, it means that proof of extrinsic circumstances is required. Words that are actionable per quod do not furnish a basis for a lawsuit upon their face.
Quid pro quo has the same meaning in the law but with varying implications in different contexts. Quid pro quo, or the exchange of valuable consideration, is required for the formation of a valid contract between individuals who are not merchants. This requirement of mutual consideration, or the exchange of something of value, indicates the sincerity of the parties' intent to adhere to the contract between them.