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.
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 if the amount is in dispute. An accord and satisfaction is also a method of settling a cause of action arising either from a civil wrong (tort), by substituting for the cause of action an agreement for its satisfaction and the performance of the substituted agreement. The accord is the agreement; the satisfaction is the performance of the agreement.
A Maricopa Arizona Agreement for Accord and Satisfaction of a Disputed Claim for Negligence refers to a legal document that outlines the resolution of a dispute involving personal and property damages caused by negligence. It serves as a legally binding agreement between the parties involved, establishing conditions for settlement and ensuring that all parties are satisfied with the agreed-upon resolution. Keywords: Maricopa Arizona, Agreement for Accord and Satisfaction, Disputed Claim, Personal Damages, Property Damages, Negligence. Different types of Maricopa Arizona Agreements for Accord and Satisfaction of a Disputed Claim (i.e., Personal and Property Damages) for Negligence may include: 1. Personal Injury Agreement for Accord and Satisfaction: This type of agreement focuses specifically on personal injury claims resulting from negligence. It details the nature of the injury, the responsible party, and the agreed compensation or resolution. 2. Property Damage Agreement for Accord and Satisfaction: This type of agreement pertains to disputes involving property damages caused by negligence. It describes the extent of the damage, the responsible party, and the agreed settlement or compensation. 3. Motor Vehicle Accident Agreement for Accord and Satisfaction: This specific type of agreement covers disputes arising from motor vehicle accidents resulting from negligence. It outlines the details of the accident, the parties involved, and the agreed resolution to address any personal or property damages. 4. Premises Liability Agreement for Accord and Satisfaction: This agreement type focuses on disputes involving personal or property damages caused by negligence on another person's property. It highlights the negligent party, the circumstances leading to the damages, and the agreed-upon settlement to compensate for those damages. In all these types of agreements, the Maricopa Arizona Agreement for Accord and Satisfaction sets forth the terms and conditions by which the involved parties can settle their dispute, thereby avoiding costly and time-consuming litigation.A Maricopa Arizona Agreement for Accord and Satisfaction of a Disputed Claim for Negligence refers to a legal document that outlines the resolution of a dispute involving personal and property damages caused by negligence. It serves as a legally binding agreement between the parties involved, establishing conditions for settlement and ensuring that all parties are satisfied with the agreed-upon resolution. Keywords: Maricopa Arizona, Agreement for Accord and Satisfaction, Disputed Claim, Personal Damages, Property Damages, Negligence. Different types of Maricopa Arizona Agreements for Accord and Satisfaction of a Disputed Claim (i.e., Personal and Property Damages) for Negligence may include: 1. Personal Injury Agreement for Accord and Satisfaction: This type of agreement focuses specifically on personal injury claims resulting from negligence. It details the nature of the injury, the responsible party, and the agreed compensation or resolution. 2. Property Damage Agreement for Accord and Satisfaction: This type of agreement pertains to disputes involving property damages caused by negligence. It describes the extent of the damage, the responsible party, and the agreed settlement or compensation. 3. Motor Vehicle Accident Agreement for Accord and Satisfaction: This specific type of agreement covers disputes arising from motor vehicle accidents resulting from negligence. It outlines the details of the accident, the parties involved, and the agreed resolution to address any personal or property damages. 4. Premises Liability Agreement for Accord and Satisfaction: This agreement type focuses on disputes involving personal or property damages caused by negligence on another person's property. It highlights the negligent party, the circumstances leading to the damages, and the agreed-upon settlement to compensate for those damages. In all these types of agreements, the Maricopa Arizona Agreement for Accord and Satisfaction sets forth the terms and conditions by which the involved parties can settle their dispute, thereby avoiding costly and time-consuming litigation.
