Colorado Springs Colorado Disputed Accounted Settlement
Category:
State:
Multi-State
City:
Colorado Springs
Control #:
US-02777BG
Format:
Word;
Rich Text
Instant download
Description
Parties may agree to a different performance of a contract 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. The parties might settle for less than the amount called for under the contract.
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