What is Accord in Law | Accord and Satisfaction in Law
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What is Accord in Law | Accord and Satisfaction in Law
A settlement agreed upon between the parties in a lawsuit for something other than what is claimed to be due, and which bars subsequent actions on the claim. For example, in a claim over a house, a party may agree to pay another a certain amount of money to settle the claim over the house.
4.8K viewsJul 16, 2021
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