Harris Texas Agreement for Accord and Satisfaction of a Disputed Claim

State:
Multi-State
County:
Harris
Control #:
US-00435BG
Format:
Word; 
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Description

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. In order for there to be an accord and satisfaction, there must be a bona fide dispute; an agreement to settle the dispute; and the performance of the agreement. 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.

The Harris County Agreement for Accord and Satisfaction of a Disputed Claim is a legally binding document used in Harris County, Texas, to settle any conflicts or disputes between parties involved in a claim. This agreement is typically used when there is a disagreement regarding a specific issue, and both parties wish to reach a mutually satisfactory resolution. Keywords: Harris County, Texas, agreement, accord and satisfaction, disputed claim, legally binding, conflicts, disputes, resolution, mutually satisfactory. There are various types of Accord and Satisfaction agreements related to disputed claims in Harris County, Texas. Some of them include: 1. Harris County Agreement for Accord and Satisfaction of Debt: This type of agreement is used when there is a dispute regarding a debt owed by one party to another. The agreement outlines the terms and conditions under which the debt will be settled, bringing an end to the dispute. 2. Harris County Agreement for Accord and Satisfaction of Property Dispute: This agreement is used when there is a disagreement or conflict related to the ownership, use, or possession of a specific property. The parties involved use this agreement to establish the terms through which the dispute will be resolved, ensuring a satisfactory outcome for both parties. 3. Harris County Agreement for Accord and Satisfaction of Contract Dispute: This type of agreement is utilized when there is a dispute arising from a breach or misinterpretation of a contract between parties. The agreement outlines the actions that need to be taken to resolve the dispute and reach an amicable solution, thus fulfilling the original expectations of the contract. 4. Harris County Agreement for Accord and Satisfaction of Personal Injury Claim: This agreement is used when there is a disagreement or dispute regarding a personal injury claim. The parties involved utilize this agreement to come to a settlement regarding compensation, medical expenses, or other aspects related to the injury in question. Keywords: Accord and Satisfaction, Harris County, Texas, Debt, Property Dispute, Contract Dispute, Personal Injury Claim.

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FAQ

Definition. An agreement (accord) between two contracting parties to accept alternate performance to discharge a preexisting duty between them and the subsequent performance (satisfaction) of that agreement.

Accord and satisfaction deals with a debtors offer of payment and a creditors acceptance. of a lesser amount than the creditor originally purported to be owed. It is a method of discharging a claim by settlement of the claim and performing the agreement.

What is accord and satisfaction affirmative defense? An accord and satisfaction is an agreement to solve a claim in which the parties to a contract agree on new terms which may be less stringent than the ones in the original contract. The party with a claim usually receives less than what is owed to settle the claim.

Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.

The accord is the agreement on the new terms of the contract, and the satisfaction is the performance of those terms according to the agreement. When there is an accord and satisfaction, and the performance (or satisfaction) has been executed, all prior claims relating to the matter are extinguished.

An accord and satisfaction is a legal contract whereby two parties agree to discharge a tort claim, contract, or other liability for an amount based on terms that differ from the original amount of the contract or claim. Accord and satisfaction is also used to settle legal claims prior to bringing them to court.

Each party must make a promise, perform an act, or forbear (refrain from doing something).

Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.

554, 561 (2001), for the rule that three elements must exist for there to be an accord and satisfaction: (a) there must be a (good faith) dispute about the existence or extent of liability, (b) after the dispute arises, the parties must enter into an agreement in which one party must agree to pay more than that party

The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. The accord is the agreement to discharge the obligation and the satisfaction is the legal "consideration" which binds the parties to the agreement.

More info

Hooks, 2013 Ark. App. 576. Get free access to the complete judgment in FLAMBEAU PRODUCTS v.Modification P00017 to the contract . . . If so, when should a defendant assert this defense? Accord and satisfaction is a defense to a breach of contract claim under Florida law. Who decides whether or not a contract was concluded (in a dispute)? For herein, shall be effective as a full and final accord and satisfaction and settlement of and as a bar to the CLAIMS. Rejection in the chapter 11 case or to require the debtor to perform the contracts. Payment was valid and your claim that he'd breached were to fail.

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Harris Texas Agreement for Accord and Satisfaction of a Disputed Claim