Note: Correspondence in this sense is often used to introduce a case or authority that corresponds to the case or authority that has just been cited, such as in a sentence such as “… a decision based on fair principles. Smith Accord v. Jones, 1 F.2d 2 (1900). A new federal law may comply with – or in accordance with – guidelines that a company has already established. The ramging behaviour of the hero Beowulf is consistent with the Nordic ideals of the early Middle Ages; but such behaviour would not have been in keeping with the ideals of a future young man from the same region, Shakespeare`s Prince Hamlet. Accord is also a nostantiv, which means “agreement.” Thus, we often hear about two countries signing a peace agreement; and we also often hear about two things or people who are “in harmony.” Push forward smart agreement technology with the Accord Project Community Accord and satisfaction is a concept from contract law that usually applies for the purchase of a release from debt obligation. Debt negotiations can lead to agreement and satisfaction. Take, for example, the bank and Company A. Company A has a credit contract with the bank that puts pressure on the balance sheet. The bank is working with Company A and the initial credit agreement is being revised.
The new terms could allow Company A to make more minor payments, repay debt at a lower interest rate, repay less than the original commitment or other agreement. These examples are automatically selected from different online message sources to reflect the current use of the word “Agreement.” The opinions expressed in the examples do not reflect the views of Merriam-Webster or its publishers. Send us comments. Anglo-British agreement, acord, borrowed from Anglo-French acord, acorde, nov derived from acorder “to an agreement to reach an agreement, agreement sekras 1” of the average English, acorden “to reconcile, to reach an agreement, to agree”, borrowed from Anglo-French stringers, back to Vulgarlain `accordre, from the Latin ad-ad-cordér, as in Concorde “to be in agreement”, intelligent agreements “in conflict” should not be limited to a particular technological platform. The Accord project offers a neutral, technology-independent format that allows a contract document to be written and reused in a wide range of assisted technologies. Satisfaction is the performance of the agreement by the promisor, so that if the agreement is implemented, the agreement would have been respected. So if Thelma Louise actually gives the beach house and Louise accepts the beach house to pay Thelma`s debts, there is satisfaction with her agreement. Whether or not an agreement replaces the old contract is generally a matter of intent for the parties when they have entered into the agreement. An agreement and satisfaction can be used as a form of compromise that benefits both parties if, for whatever reason, the original terms of the contract cannot be met. When an agreement and satisfaction are obtained to settle a debt, the creditor always receives a certain payment of the debt, while the debtor benefits from not being fully obliged.
ACCORD, under contract. A satisfied satisfaction between the injured party and the injured party, which, if carried out, is a blockage for all acts on that account. 3 Bl. Com. 15; Tray. Abr, Accord. 2. To reach a good agreement, it is essential: 1. that the agreement be legal. There is no agreement to drop criminal prosecutions as a satisfaction for a heist and incarceration. 5 East, 294. See 2 Wils.
341 Cro. Eliz. 541. 3.-2. It must be advantageous to the contractor; Therefore, the restoration of his chats or property, which the defendant wrongly expropriated, will not be considered to support a promise by the applicant not to prosecute him for these violations. Tray. Abr. Agreement, A. Perk. S. 749; Dyer, 75; 5 East, R.
230; 1 Str.