Accord and satisfaction

Where a party agrees to obligations under a contract to be changed and replaced by new ones.

The term accord and satisfaction operates as a defence in an action for defamation in the sense that the claimant gives up the right to sue, in return for a payment and / or apology.


The term accord refers to the agreement to discharge the obligation and the term satisfaction is the legal "consideration" which binds the parties to the agreement.

 

This should be a straightforward matter for the parties to reach a settlement if they can.

 

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