Hawaii Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement

State:
Multi-State
Control #:
US-1340734BG
Format:
Word; 
Rich Text
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Description

A stock purchase agreement is an agreement that two parties sign when shares of a company are being bought or sold.
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  • Preview Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement
  • Preview Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement
  • Preview Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement

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FAQ

The elements of the affirmative defense of and satisfaction include: (1) an agreement to settle a dispute by compromising claims; (2) consideration that is given in exchange for the promise to settle; (3) intent to extinguish liabilities under the agreement; and (4) fulfillment of obligations under the agreement ...

The basic elements of a valid and satisfaction are that a person in good faith has tendered an instrument to the claimant as full satisfaction of the claim, the amount of the claim was unliquidated or subject to a bona fide dispute, and the claimant actually received and accepted the instrument.

Under most state law, a valid and satisfaction requires four elements as a minimum, usually, (1) proper subject matter, (2) competent parties, (3) meeting of the minds of the parties and (4) adequate consideration.

As its name suggests, an and satisfaction has two components: (1) the , which is the agreement that a stipulated performance will be accepted in lieu of an existing claim; and (2) the satisfaction, which is the performance of the substituted agreement.

Under most state law, a valid and satisfaction requires four elements as a minimum, usually, (1) proper subject matter, (2) competent parties, (3) meeting of the minds of the parties and (4) adequate consideration.

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.

An and satisfaction occurs when the parties involved in a dispute reach a new agreement to resolve the dispute. This agreement may involve a compromise, such as a payment of less than the full amount owed or a release of certain claims.

And satisfaction refers to the agreement () between two contracting parties to accept alternate performance to discharge a pre-existing duty between them and the subsequent performance (satisfaction) of that agreement. The new performance is called the .

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Hawaii Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement