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Concept
Accord And Satisfaction
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Summary
Accord And Satisfaction
is a
Legal contract principle
where parties agree to
Settle a dispute
by accepting
Terms different from the original obligation
, thus
Discharging the original contract
. This agreement requires a
Valid offer
, acceptance, and consideration to be enforceable, effectively
Resolving the conflict
and
Preventing further legal action
on the matter.
Concepts
Contract Law
Consideration
Offer And Acceptance
Discharge Of Contract
Settlement Agreement
Legal Obligation
Performance
Contractual Discharge
Performance And Discharge
Modification Of Contracts
Contract Discharge
Relevant Degrees
Contract Law 70%
Torts and Noncontractual Liabilities 30%
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