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.
An example would be settlement of a lawsuit for breach of contract. The parties might settle for less than the amount called for under the contract if the amount is in dispute. An accord and satisfaction is also a method of settling a cause of action arising either from a civil wrong (tort), by substituting for the cause of action an agreement for its satisfaction and the performance of the substituted agreement. The accord is the agreement; the satisfaction is the performance of the agreement.
The New Hampshire Agreement for Accord and Satisfaction of a Disputed Claim for Negligence is an important legal document widely used in the state of New Hampshire to resolve disputes related to personal and property damages resulting from negligence. It provides a structured and legally binding resolution process, allowing parties involved to come to a mutually agreed settlement without resorting to lengthy and costly litigation. Keywords related to this topic include New Hampshire Agreement, Accord and Satisfaction, Disputed Claim, Personal Damages, Property Damages, and Negligence. There might be various types of New Hampshire Agreements for Accord and Satisfaction of a Disputed Claim for Negligence, depending on the specific circumstances of the case. Here are a few examples: 1. New Hampshire Agreement for Accord and Satisfaction of a Disputed Claim for Negligence — Personal Injuries: This type of agreement focuses specifically on resolving disputes related to personal injuries caused by negligence. It outlines the compensation terms, treatment costs, rehabilitation expenses, and any other relevant factors related to the injury. 2. New Hampshire Agreement for Accord and Satisfaction of a Disputed Claim for Negligence — Property Damages: This agreement deals with disputes specifically related to property damages resulting from negligence. It includes provisions for repairs, replacement costs, depreciation, loss of use, and any other relevant factors associated with the damage. 3. New Hampshire Agreement for Accord and Satisfaction of a Disputed Claim for Negligence — Medical Malpractice: This specialized agreement is applicable in cases where negligence by a healthcare professional has resulted in personal injuries or damages relating to medical treatment. It may include compensation for medical expenses, rehabilitation costs, loss of earnings, pain, and suffering, among other factors specific to medical malpractice. 4. New Hampshire Agreement for Accord and Satisfaction of a Disputed Claim for Negligence — Product Liability: This type of agreement is used to settle disputes arising from damages caused by defective products or negligent manufacturing practices. It may cover compensation for injuries, medical expenses, property damages, lost income, and other relevant factors related to product liability. These are just a few examples of the possible types of New Hampshire Agreements for Accord and Satisfaction of a Disputed Claim for Negligence. Each agreement will be tailored to meet the individual circumstances and requirements of the specific case.
