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.
The Riverside California Agreement for Accord and Satisfaction of a Disputed Claim is a legal document that serves as a settlement agreement for personal and property damages resulting from negligence. This agreement is designed to resolve disputes between parties involved in a negligence-related incident and avoid the need for litigation. Keywords: Riverside California, agreement, accord and satisfaction, disputed claim, personal damages, property damages, negligence. There are different types of Riverside California Agreement for Accord and Satisfaction of a Disputed Claim for Negligence, depending on the specific circumstances and parties involved. Some of these types may include: 1. Automobile Accident Settlement Agreement: This type of agreement is used to resolve personal and property damage claims resulting from automobile accidents caused by negligence. It outlines the compensation to be provided by the at-fault party as a settlement for the damages suffered by the injured party. 2. Premises Liability Settlement Agreement: This type of agreement is employed when personal injuries or property damages occur on someone's premises due to negligence. It establishes the terms for compensating the injured party in exchange for the release of any further legal claims. 3. Medical Malpractice Settlement Agreement: This agreement is utilized in cases where personal injuries or damages result from negligence on the part of medical professionals or healthcare facilities. It outlines the settlement terms and the compensation to be provided to the injured party. 4. Product Liability Settlement Agreement: This type of agreement comes into play when personal injuries or property damages occur due to a defective product. It establishes the conditions for compensating the injured party for the damages suffered as a result of negligence on the part of the product manufacturer or seller. These various types of Riverside California Agreement for Accord and Satisfaction of a Disputed Claim for Negligence agreements enable parties to reach a settlement and avoid costly and time-consuming litigation. The specifics of each agreement will depend on the unique circumstances and nature of the claims being resolved. It is always advisable to consult with legal professionals to ensure that the agreement adequately protects the rights and interests of all parties involved.The Riverside California Agreement for Accord and Satisfaction of a Disputed Claim is a legal document that serves as a settlement agreement for personal and property damages resulting from negligence. This agreement is designed to resolve disputes between parties involved in a negligence-related incident and avoid the need for litigation. Keywords: Riverside California, agreement, accord and satisfaction, disputed claim, personal damages, property damages, negligence. There are different types of Riverside California Agreement for Accord and Satisfaction of a Disputed Claim for Negligence, depending on the specific circumstances and parties involved. Some of these types may include: 1. Automobile Accident Settlement Agreement: This type of agreement is used to resolve personal and property damage claims resulting from automobile accidents caused by negligence. It outlines the compensation to be provided by the at-fault party as a settlement for the damages suffered by the injured party. 2. Premises Liability Settlement Agreement: This type of agreement is employed when personal injuries or property damages occur on someone's premises due to negligence. It establishes the terms for compensating the injured party in exchange for the release of any further legal claims. 3. Medical Malpractice Settlement Agreement: This agreement is utilized in cases where personal injuries or damages result from negligence on the part of medical professionals or healthcare facilities. It outlines the settlement terms and the compensation to be provided to the injured party. 4. Product Liability Settlement Agreement: This type of agreement comes into play when personal injuries or property damages occur due to a defective product. It establishes the conditions for compensating the injured party for the damages suffered as a result of negligence on the part of the product manufacturer or seller. These various types of Riverside California Agreement for Accord and Satisfaction of a Disputed Claim for Negligence agreements enable parties to reach a settlement and avoid costly and time-consuming litigation. The specifics of each agreement will depend on the unique circumstances and nature of the claims being resolved. It is always advisable to consult with legal professionals to ensure that the agreement adequately protects the rights and interests of all parties involved.
