US Legal Forms
Localized Forms
California
Santa Clara
Agreement for Accord and Satisfaction of Obligation under Stock...

Santa Clara California Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement

Name: Santa Clara California Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement
Brand: US Legal Forms
Rating: 4.7 (434 reviews)

Category:

Corporations - Public - Stocks

State:

Multi-State

County:

Santa Clara

Control #:

US-1340734BG

Format:

Instant download

Description

A stock purchase agreement is an agreement that two parties sign when shares of a company are being bought or sold.

How to fill out Santa Clara California Agreement For Accord And Satisfaction Of Obligation Under Stock Purchase Agreement?

Drafting documents for the business or individual demands is always a huge responsibility. When drawing up an agreement, a public service request, or a power of attorney, it's crucial to take into account all federal and state laws of the specific region. However, small counties and even cities also have legislative provisions that you need to consider. All these details make it burdensome and time-consuming to create Santa Clara Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement without professional assistance.

It's possible to avoid wasting money on lawyers drafting your documentation and create a legally valid Santa Clara Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement on your own, using the US Legal Forms web library. It is the biggest online catalog of state-specific legal templates that are professionally verified, so you can be certain of their validity when selecting a sample for your county. Previously subscribed users only need to log in to their accounts to download the required document.

In case you still don't have a subscription, adhere to the step-by-step guide below to get the Santa Clara Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement:

Examine the page you've opened and verify if it has the document you require.
To do so, use the form description and preview if these options are available.
To locate the one that satisfies your requirements, utilize the search tab in the page header.
Double-check that the sample complies with juridical criteria and click Buy Now.
Opt for the subscription plan, then sign in or register for an account with the US Legal Forms.
Use your credit card or PayPal account to pay for your subscription.
Download the selected file in the preferred format, print it, or fill it out electronically.

The exceptional thing about the US Legal Forms library is that all the documentation you've ever obtained never gets lost - you can access it in your profile within the My Forms tab at any moment. Join the platform and easily get verified legal templates for any scenario with just a few clicks!

Form Rating

4.7

Satisfied(434)

Form popularity

FAQ

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.

Legal Requirements for Accord and Satisfaction Agreements The claimant must in good faith be given something to fully satisfy his claim. The exact amount of the claim must be unsettled or must be subject to a dispute. The claimant should have received the payment.

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

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.

Key Takeaways. An accord and satisfaction is a new agreement that suspends the terms of an existing agreement in favor of a new one. 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.

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.

A common way that accord and satisfaction is used is to satisfy a debt that a debtor cannot afford with a smaller payment. Sometimes a creditor will agree to accept a percentage of a debt in order to have the original contract fulfilled and the dispute handled.

What is an Accord and Satisfaction? An accord and satisfaction is a legal agreement between two parties to a contract that intends to discharge the original claim by settling for new contract terms and/or a payment amount that typically differs from the payment amount specified in the original contract or claim.

Under most state law, a valid accord and satisfaction requires four elements as a minimum, usually, (1) proper subject matter, (2) competent parties, (3) meeting of the minds of the parties and (4) adequate consideration.

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.

More info

Loan Agreement - Salon. What is an Accord and Satisfaction of a Contract Obligation?U.S., 80 Ct.Cl. 81 (1934). Assets defined as such in the cogeneration Purchase. Agreement. Seller shall notify Buyer of such price increase in writing. Santa Clara Valley Medical Center (SCVMC) Emergency Department Expansion. EXCLUSIVE REPRESENTATIVES REGARDING CONTRACT GRIEVANCES. Construction Contract .

Santa Clara California Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement

Description

Related forms

How to fill out Santa Clara California Agreement For Accord And Satisfaction Of Obligation Under Stock Purchase Agreement?

Show more info

Form Rating

Form popularity

FAQ

How does an accord and satisfaction work?

What are the requirements of an accord and satisfaction were those requirements met in this case?

What are the three elements of accord and satisfaction?

What is an accord and satisfaction example?

What is an accord and satisfaction and is consideration required for an accord and satisfaction to be valid?

What is the consideration for an accord and satisfaction?

What is an example of an accord and satisfaction?

Is accord and satisfaction legally binding?

What are the requirements for accord and satisfaction?

What is an accord and satisfaction agreement?

More info

Trusted and secure by over 3 million people of the world’s leading companies