Reference Entry

accord and satisfaction

Jonathan Law

in A Dictionary of Business and Management

Fifth edition

Published in print January 2009 | ISBN: 9780199234899
Published online January 2009 | e-ISBN: 9780191726545
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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