Reference Entry

accord and satisfaction

Edited by Jonathan Law

in A Dictionary of Business and Management

Sixth edition

Published in print January 2016 | ISBN: 9780199684984
Published online February 2016 | e-ISBN: 9780191765278
accord and satisfaction

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A device enabling one party to a *contract to avoid an obligation that arises under the contract, provided that the other party agrees. The accord is the agreement by which the contractual obligation is discharged and the satisfaction is the ...

Reference Entry.  140 words. 

Subjects: Business and Management

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