What Is Agreement And Accord

1987). Consideration is therefore not a necessary element for release, but serves the objective of agreement and satisfaction. Compliance and satisfaction are a contractual concept for the purchase of indemnification of a debt instrument. This is one of the methods by which the parties can terminate their agreement. The discharge is concluded by the transfer of the consideration of value, which must not be the actual performance of the obligation itself. [1] The agreement is the agreement to fulfill the obligation and satisfaction is the legal „consideration“ that binds the parties to the contract. A valid agreement does not fulfill the previous contract; Instead, it suspends the right to apply it in accordance with the terms of the agreement agreement, in which the performance or performance of the contract satisfies both contracts (the original and the agreement). If the creditor violates the agreement, the debtor can report the existence of the agreement to take legal action against him. (persons) to an agreement; approximate, regulate, adapt or harmonize. . . .