Agreement Satisfaction Sample With Answers

State:
Multi-State
Control #:
US-0142BG
Format:
Word; 
Rich Text
Instant download

Description With Amount Claim

The parties may agree to a different performance. This is called an accord. When the accord is performed, this is called an accord and satisfaction. The original obligation is discharged (deemed satisfied). An example would be settlement of a lawsuit for breach of contract. The parties might settle for less than the amount called for under the contract. This agreement shows a situation where the total amount of the claim cannot be determined because of the insufficiency or inadequacy of the records of both parties.

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Amount Claim