Accord and satisfaction is a method of discharging a claim whereby the parties agree to give and accept something in settlement of the claim and perform the agreement. Accord is the agreement and satisfaction is its execution or performance.
A contract is usually discharged by performance of the terms of the agreement. However, 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
(1) a bona fide dispute;
(2) an agreement to settle the dispute; and
(3) the performance of the agreement.
A settlement in which one party promises to forego an undisputed, liquidated claim in exchange for a promise to perform, or the performance of, a pre-existing duty will not be held to be enforceable by many courts, because of the absence of consideration. However, the promise to perform, or the performance of, anything slightly different from the pre-existing duty is sufficient consideration to support a promise to forego the claim. When a claim is disputed in good faith, or when an undisputed claim is unliquidated (the amount owed has not been determined), a settlement of such a claim is clearly enforceable.
Miami-Dade Florida Agreement for Accord and Satisfaction of an Undisputed Hospital Claim is a legally binding document that serves as a resolution agreement between a hospital and a patient or insurance company, ensuring the payment of an undisputed claim. This agreement aims to settle any outstanding financial obligations related to hospital services rendered, promoting a mutually agreed-upon solution to avoid litigation. Keywords: Miami-Dade Florida, Agreement, Accord and Satisfaction, Undisputed Hospital Claim, resolution agreement, hospital, patient, insurance company, payment, financial obligations, services rendered, litigation. Different types of Miami-Dade Florida Agreement for Accord and Satisfaction of an Undisputed Hospital Claim may include: 1. Individual Patient Agreement: This type of agreement is specifically tailored to resolve an undisputed claim between a hospital and an individual patient who is responsible for the payment of their medical expenses. It addresses the specific details of the claim, including amounts owed, payment terms, and any relevant medical procedures. 2. Insurance Company Agreement: This agreement focuses on resolving an undisputed claim between a hospital and an insurance company that covers the medical expenses of the patient. It outlines the reimbursement process and ensures that the hospital receives payment for the services provided, settling any remaining financial obligations. 3. Corporate Agreement: This type of agreement involves a hospital and a corporate entity, such as an employer or a multi-national organization, that is responsible for the healthcare expenses of its employees. It aims to establish a mutually beneficial solution, ensuring prompt payment and final resolution of the undisputed hospital claim. In summary, the Miami-Dade Florida Agreement for Accord and Satisfaction of an Undisputed Hospital Claim is designed to facilitate the resolution of outstanding financial obligations between a hospital and a patient or insurance company. It provides a legally binding solution to ensure the payment of undisputed claims and avoid litigation, benefiting all parties involved.Miami-Dade Florida Agreement for Accord and Satisfaction of an Undisputed Hospital Claim is a legally binding document that serves as a resolution agreement between a hospital and a patient or insurance company, ensuring the payment of an undisputed claim. This agreement aims to settle any outstanding financial obligations related to hospital services rendered, promoting a mutually agreed-upon solution to avoid litigation. Keywords: Miami-Dade Florida, Agreement, Accord and Satisfaction, Undisputed Hospital Claim, resolution agreement, hospital, patient, insurance company, payment, financial obligations, services rendered, litigation. Different types of Miami-Dade Florida Agreement for Accord and Satisfaction of an Undisputed Hospital Claim may include: 1. Individual Patient Agreement: This type of agreement is specifically tailored to resolve an undisputed claim between a hospital and an individual patient who is responsible for the payment of their medical expenses. It addresses the specific details of the claim, including amounts owed, payment terms, and any relevant medical procedures. 2. Insurance Company Agreement: This agreement focuses on resolving an undisputed claim between a hospital and an insurance company that covers the medical expenses of the patient. It outlines the reimbursement process and ensures that the hospital receives payment for the services provided, settling any remaining financial obligations. 3. Corporate Agreement: This type of agreement involves a hospital and a corporate entity, such as an employer or a multi-national organization, that is responsible for the healthcare expenses of its employees. It aims to establish a mutually beneficial solution, ensuring prompt payment and final resolution of the undisputed hospital claim. In summary, the Miami-Dade Florida Agreement for Accord and Satisfaction of an Undisputed Hospital Claim is designed to facilitate the resolution of outstanding financial obligations between a hospital and a patient or insurance company. It provides a legally binding solution to ensure the payment of undisputed claims and avoid litigation, benefiting all parties involved.
