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A clause commonly inserted in commercial contracts that allows a promisor to refuse to pay the promisee for services performed if he is not subjectively satisfied Definition of accord and satisfaction: Agreement between two parties to a contract, in which one party (which has a legal claim against the other) releases the Where there is an actual controversy, an accord and satisfaction may be used to settle it. The controversy may be founded on contract or tort. It can arise from a DEFINITION of 'Accord And Satisfaction'. A legal contract whereby two parties agree to discharge a tort claim, contract or other liability for an amount or based on 13 Dec 2013 A "satisfaction" clause is a fairly common provision in a variety of contract types. You have likely seen such a clause before or perhaps been Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract DefinitionAn agreement (accord) between two contracting parties to accept alternate them and the subsequent performance (satisfaction) of that agreement. The general rule in contract cases is that if customer satisfaction is not a specified term in the agreement (either oral or written), then the contractor (or artist) gets An agreement in which the promisor in a current contract promises to perform beach house in settlement of Thelma's debt, there is satisfaction of their accord. Satisfaction Clauses: Do They Really Mean What They Say? By Sean Thompson and John Klotsche. Many public and private construction contracts contain a
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