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 a bona fide dispute; an agreement to settle the dispute; and 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.
Omaha Nebraska Agreement for Accord and Satisfaction of a Disputed Claim
State:
Multi-State
City:
Omaha
Control #:
US-00435BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
A platform like US Legal Forms can help you create an effective Agreement for Accord and Satisfaction of a Disputed Claim by providing easy-to-use templates tailored to Nebraska law. This ensures you include all necessary elements and comply with legal requirements, making the process straightforward. By using this resource, you can focus on resolving your dispute efficiently without the stress of complicated legal jargon.
Accord and Satisfaction refers to a legal agreement where two parties settle a disputed claim by accepting a different outcome than what was initially agreed upon. Essentially, one party offers a new arrangement, and the other party accepts it, thereby satisfying the original claim. In the context of an Omaha Nebraska Agreement for Accord and Satisfaction of a Disputed Claim, it creates a clear resolution between disputing parties.
An example of an Agreement for Accord and Satisfaction of a Disputed Claim might involve a contractor who completes a project but disagrees with the homeowner over the final payment. To resolve this dispute, both parties could agree that the contractor will accept a lower payment as full settlement of the claim. This agreement protects both parties and allows the contractor to receive some payment while avoiding lengthy litigation.
Omaha Is the Steak Capital of Nebraska The state of Nebraska is known for its beef, and is even nicknamed the "Beef State." Omaha is Nebraska's steak capital, as it's home to one of the country's largest producers of beef, Omaha Steaks.
Prostitution was a major component of the city's flourishing vice industry during the late 1800s and early 1900s, when Omaha was known as a ?dirty wicked town.? Today's Wilson and Washburn Bar downtown is named for its two leading madams.
Omaha is Nebraska's biggest city and a regional manufacturing, transportation, trade, and service hub. From the 1890s through the mid-20th century Omaha emerged as one of the top livestock markets in the world and a leader in the meat-processing industry.
Presently, Omaha is the home to the headquarters of four Fortune 500 companies: conglomerate Berkshire Hathaway; one of the world's largest construction companies, Kiewit Corporation; insurance and financial firm Mutual of Omaha; and the United States' largest railroad operator, Union Pacific Corporation.
Steak. Omaha is known around the country as one of the best sources for steak. This is mostly due to the fact that beef is Nebraska's single largest industry, and Omaha has been the country's meatpacking center since the 1950s.
The cost of living in Omaha, NE is 3% higher than the state average and 7% lower than the national average. Omaha, NE housing is 15% cheaper than the U.S average, while utilities are about 5% less pricey.
