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Accord

ACCORD (from Fr. accorder, to agree), in law, an agreement between two parties, one of whom has a right of action against the other, to give and accept in substitution for such Iight any good legal consideration. Such an agreement when executed discharges the cause of action and is called Accord and Satisfaction.

Note - this article incorporates content from Encyclopaedia Britannica, Eleventh Edition, (1910-1911)

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