Quid pro quo describes an agreement between two or more parties in which goods or services are exchanged.
The phrase in Latin means “something for something.”
Courts can declare a commercial contract null and void if it is found to be unfair or one-sided, and therefore it is often justified to consider damages.
In policy, quid pro quo agreements may be acceptable as long as they do not involve bribery or any other misappropriation.
Even if a quid pro quo arrangement is legal, it may be perceived as unethical or questionable.