KudoZ: term help for translators

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

English term

Akbar Khorrami

Iran

25 questions

and One Dollar

Non-PRO English to Persian (Farsi) Bus/Financial Business/Commerce (general) Employment Contract

NOW THEREFORE, in consideration of the mutual covenants herein and One Dollar ($1.00) and other valuable consideration, receipt whereof is acknowledged by all parties, IT IS HEREBY AGREED:

The above sentences appear almost at the beginning of Employmet contracts. What does the phrase "and One Dollar" here refer to? How should it be translated?
Thanks.

Proposed translations (Persian (Farsi))

5 +1	حداقل وجه التزام	Mohammad Emami
3	یک دلار به عنوان کوچکترین تعهد مالی	Reza Ebrahimi

Discussion

Edward Plaisance Jr May 17, 2011: This has nothing to do with the currency. It is very often used in contractual situations between family members/friends (or others) where there is no real exchange of money, but it is considered necessary or appropriate to indicate some small amount (token amount) as the value of the exchange. Here is an example of a child custody agreement http://www.freelegalforms.net/index.cfm?index=forms&filename... Is there any similar custom in Iranian legal documents?
Reza Ebrahimi May 17, 2011: it can be another alternative, more context is needed and if you have the whole contract, you can decide
Ahmad Hosseinzadeh May 17, 2011: Currency احتمالاً اشاره ای به واحد پول مورد نظر در این قرارداد ندارد؟