Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim

State:
Multi-State
Control #:
US-00436BG
Format:
Word; 
Rich Text
Instant download

Description

Accord and satisfaction is a method of discharging a claim whereby the parties agree to give and accept something in settlement of the claim and perform the agreement. Accord is the agreement and satisfaction is its execution or performance.


A contract is usually discharged by performance of the terms of the agreement. However, the parties may agree to a different performance. This is called an accord. When the accord is performed, this is called an accord and satisfaction. The original obligation is discharged.


In order for there to be an accord and satisfaction, there must be

(1) a bona fide dispute;

(2) an agreement to settle the dispute; and

(3) the performance of the agreement.


A settlement in which one party promises to forego an undisputed, liquidated claim in exchange for a promise to perform, or the performance of, a pre-existing duty will not be held to be enforceable by many courts, because of the absence of consideration. However, the promise to perform, or the performance of, anything slightly different from the pre-existing duty is sufficient consideration to support a promise to forego the claim. When a claim is disputed in good faith, or when an undisputed claim is unliquidated (the amount owed has not been determined), a settlement of such a claim is clearly enforceable.

Free preview
  • Preview Agreement for Accord and Satisfaction of an Undisputed Hospital Claim
  • Preview Agreement for Accord and Satisfaction of an Undisputed Hospital Claim
  • Preview Agreement for Accord and Satisfaction of an Undisputed Hospital Claim

Related forms

form-preview
Oklahoma Provisions as to Compensation for Medical Director's Contract with Health Care Agency

Oklahoma Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form
form-preview
Oregon Provisions as to Compensation for Medical Director's Contract with Health Care Agency

Oregon Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form
form-preview
Pennsylvania Provisions as to Compensation for Medical Director's Contract with Health Care Agency

Pennsylvania Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form
form-preview
Rhode Island Provisions as to Compensation for Medical Director's Contract with Health Care Agency

Rhode Island Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form
form-preview
South Carolina Provisions as to Compensation for Medical Director's Contract with Health Care Agency

South Carolina Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form
form-preview
South Dakota Provisions as to Compensation for Medical Director's Contract with Health Care Agency

South Dakota Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form
form-preview
Tennessee Provisions as to Compensation for Medical Director's Contract with Health Care Agency

Tennessee Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form
form-preview
Texas Provisions as to Compensation for Medical Director's Contract with Health Care Agency

Texas Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form
form-preview
Utah Provisions as to Compensation for Medical Director's Contract with Health Care Agency

Utah Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form
form-preview
Vermont Provisions as to Compensation for Medical Director's Contract with Health Care Agency

Vermont Provisions as to Compensation for Medical Director's Contract with Health Care Agency

View this form

How to fill out Agreement For Accord And Satisfaction Of An Undisputed Hospital Claim?

Selecting the appropriate legal document template can be quite a challenge.

Certainly, there are numerous templates accessible online, but how can you obtain the legal form you need.

Use the US Legal Forms website. The service offers thousands of templates, including the Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim, which can be utilized for both commercial and personal purposes.

You can review the document using the Preview feature and examine the form description to ensure it is suitable for your needs.

  1. All of the forms are reviewed by professionals and satisfy state and federal requirements.
  2. If you are already registered, sign in to your account and click the Download button to obtain the Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim.
  3. Use your account to browse through the legal forms you have purchased in the past.
  4. Go to the My documents section of your account and download another copy of the document you need.
  5. If you are a new user of US Legal Forms, here are straightforward instructions for you to follow.
  6. First, ensure you have chosen the correct form for your state/region.

Form popularity

FAQ

When issuing a check for Accord and Satisfaction, it is advisable to include clear language that signifies the payment is intended as a settlement of the claim. You might write 'Accord and Satisfaction of Hospital Claim' in the memo line to clarify its purpose. This helps both parties maintain a clear understanding of the agreement outlined in the Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim.

Parties typically agree to an Accord and Satisfaction when they wish to settle a disputed claim without further litigation. This agreement often arises when one party offers a compromise that the other party finds acceptable. Utilizing the Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim can facilitate this resolution process, ensuring both parties understand their obligations.

When pleading Accord and Satisfaction, state the essential facts of the dispute clearly. Outline the agreement made and provide evidence of mutual acceptance, typically through signed documents or correspondence. Using the Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim form available on US Legal Forms can streamline this process and ensure you include all necessary information.

Proving Accord and Satisfaction requires documentation that demonstrates the elements of the agreement between parties. You should gather evidence, such as written agreements, communication records, and any payments made in accordance with the settlement. By compiling these items, you can substantiate your claim based on the Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim.

To plead Accord and Satisfaction, you need to provide a clear statement of the agreement between the parties involved. Include details such as the nature of the original claim, the proposed settlement, and the parties' acceptance of that settlement. A structured format of the Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim can help you articulate your case effectively.

The Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim involves three essential requirements: an existing dispute, a clear offer to settle the dispute, and mutual acceptance of the terms. First, there must be a legitimate disagreement concerning the amount owed. Next, one party must propose a settlement, and finally, the other party must accept that settlement as a resolution to the claim.

Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.

Definition. An agreement (accord) between two contracting parties to accept alternate performance to discharge a preexisting duty between them and the subsequent performance (satisfaction) of that agreement.

554, 561 (2001), for the rule that three elements must exist for there to be an accord and satisfaction: (a) there must be a (good faith) dispute about the existence or extent of liability, (b) after the dispute arises, the parties must enter into an agreement in which one party must agree to pay more than that party

An accord and satisfaction is a legal contract whereby two parties agree to discharge a tort claim, contract, or other liability for an amount based on terms that differ from the original amount of the contract or claim. Accord and satisfaction is also used to settle legal claims prior to bringing them to court.

Trusted and secure by over 3 million people of the world’s leading companies

Colorado Agreement for Accord and Satisfaction of an Undisputed Hospital Claim