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Từ vựng:

accord and satisfaction

Giải nghĩa:

/əˌkɔrd ən səˌtɪsfækʃən/ – Pharse


Definition: sự thỏa thuận linh động (trong khi thực hiện hợp đồng).

A more thorough explanation: Accord and satisfaction is a legal doctrine that occurs when parties to a contract agree to settle a claim or dispute by replacing the original obligation with a new one. This new agreement must be accepted by both parties and must be performed in full.

Example: Alice owes Bob $1000 for a debt. Alice and Bob agree that Alice will pay Bob $800 in full settlement of the debt.

 

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