Definition
The legal maxim is of latin origin meaning “what for what” or “something for something”. It is the exchange of things of similar value. a valid and binding mutual consideration agreed upon by two parties in a contractual agreement commonly used as giving of one valuable thing for another.
For the formation of a valid contract between two parties, who are not merchants, quid pro quo is an essential element. The presence of a quid pro quo acts as a surety which indicates the sincerity of both the parties in fulfilling the contract.