Accord and Satisfaction: To Release, or Not Release? That is the Question.
By EsqSocial Corporation 05/08/22
Generally, an “accord and satisfaction” is an agreement between two or more contracting parties to accept an alternate agreement and performance in lieu of a preexisting contractual duty between the parties. The new agreement is the “accord,” and the subsequent performance of the new agreement is the “satisfaction.”......
By: Bradley Arant Boult Cummings LLP