Accord and Satisfaction
Crushendo defines this key bar prep and civil procedure term.
What does accord and satisfaction mean?
accord and satisfaction – An affirmative defense to a contract claim that applies when the parties have already agreed to modify the terms of the contract in such a way that resolves the claim being brought. Say you sue me for $10 million but we previously agreed our $10 million contract would only require me to pay $5 million, which I’ve already paid you.
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