NOW, THEREFORE, for and taking into account the mutual covenants and agreements contained herein and for other good and valuable considerations, the preservation and fairness of which are hereby acknowledged, Sprrats and Merry Meats agree as follows: Considerations in contracts. Other details that explain the overall picture of the proposed transaction, such as the interdependence of the contract with other agreements (if any) or the requirement that certain crucial conditions be met or that regulatory approvals must be granted, can also be discussed here. Overall, the issues dealt with in a preamble should be of such importance that, if one of them were not true, the treaty could be annulled on the legal basis of “error” (“error”). Types of recital clauses. .