Accord and Satisfaction

What is Accord and Satisfaction?

A method of discharging a claim in which the parties agree to give something and accept something in settlement of the claim and perform the agreement; the "accord" being the agreement and the "satisfaction" its execution or performance.

Further Reading

For more detailed information, see our related Contracts terms:

• Specific Performance
• Counter Offer
• An agreement in principle
• Mutual Assent
• Assent

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

View Stephanie on LinkedIn