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Peppercorn (legal)
In legal parlance, a peppercorn is a metaphor for a very small payment, a nominal consideration, used to satisfy the requirements for the creation of a legal contract. It featured in Chappell & Co Ltd v Nestle Co Ltd ([1960] AC 87), which stated that a "peppercorn does not cease to be good consideration if it is established that the promisee does not like pepper and will throw away the corn".

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