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Accord

An agreement that settles a dispute, generally requiring an obligee to accept a compromise or satisfaction from the obligor with something less than what was originally demanded. Also often used synonymously with treaty.

accord

noun accommodation, accordance, agreement, arrangement, compromise, concession, concord, concordance, mutual understanding, settlement, understanding
Associated concepts: accord and satisfaction, disputed claims, executed accord, executory accord, novation, payyent of a debt, release, satisfaction, substituted agreeeent, unliquidated claim
Foreign phrases: Concordare leges legibus est optimus innerpretandi modus.To reconcile laws with other laws is the best method of interpreting them.

ACCORD, in contracts. A satisfaction agreed upon between the party injuring and the party injured, which when performed is a bar to all actions upon this account. 3 Bl. Com. 15; Bac. Abr, Accord.
     2. In order to make a good accord it is essential:
     1. That the accord be legal. An agreement to drop a criminal prosecution as a satisfaction for an assault and imprisonment, is void. 5 East, 294. See 2 Wils. 341 Cro. Eliz. 541.
     3.-2. It must be advantageous to the contracting party; hence restoring to the plaintiff his chattels, or his land, of which the defendant has wrongfully dispossessed him, will not be any consideration to support a promise by the plaintiff not to sue him for those injuries. Bac. Abr. Accord, &c. A; Perk. s. 749; Dyer, 75; 5 East, R. 230; 1 Str. R. 426; 2 T. R. 24; 11 East, R. 390; 3 Hawks, R. 580; 2 Litt. R. 49; 1 Stew. R. 476; 5 Day, R. 360; 1 Root, R. 426; 3 Wend. R. 66; 1 Wend, R. 164; 14 Wend. R. 116; 3 J. J. Marsh. R. 497.
     4.-3. It must be certain; hence an agreement that the defendant shall relinquish the possession of a house in satisfaction, &c., is not valid, unless it is also agreed at what time it shall be relinquished. Yelv. 125. See 4 Mod. 88; 2 Johns. 342; 3 Lev. 189.
     5.-4. The defendant must be privy to the contract. If therefore the consideration for the promise not to sue proceeds from another, the defendant is a stranger to the agreement, and the circumstance that the promise has been made to him will be of no avail. Str. 592; 6, John. R. 37; 3 Monr. R. 302 but in such case equity will grant relief by injunction. 3 Monr. R. 302; 5 East, R. 294; 1 Smith's R. 615; Cro. Eliz. 641; 9 Co. 79, b; 3 Taunt. R. 117; 5 Co. 117, b.
     6.-5. The accord must be executed. 5 Johns. R. 386; 3 Johns. Cas. 243; 16 Johns. R. 86; 2 Wash. C. C. R. 180; 6 Wend. R. 390; 5 N. H. Rep. 136; Com. Dig. Accord, B 4.
     7. Accord with satisfaction when completed has two effects; it is a payment of the debt; and it is a species of sale of the thing given by the debtor to the creditor, in satisfaction; but it differs from it in this, that it is not valid until the delivery of the article, and there is no warranty of the thing thus sold, except perhaps the title; for in regard to this, it cannot be doubted, that if the debtor gave on an accord and satisfaction the goods of another, there would be no satisfaction. See Dation, en paiement. See in general Com. Dig. h.t.; Bac. Ab. h.t.; Com. Dig. Pleader, 2 V 8; 5 East, R. 230; 4 Mod. 88 ; 1 Taunt. R. 428; 7 East, R. 150; 1 J. B. Moore, 358, 460; 2 Wils. R. 86; 6 Co. 43, b; 3 Chit. Com. Law, 687 to 698; Harr. Dig. h.t.; 1 W. Bl. 388; 2 T. R. 24; 2 Taunt. 141; 3 Taunt. 117; 5 B.& A. 886; 2 Chit. R. 303 324; 11 East, 890; 7 Price, 604; 2 Greenl. Ev. Sec. 28; 1 Bouv. Inst. n. 805; 3 Bouv. Inst. n. 24 78-79-80-81. Vide Discharge of Obligations.

References in periodicals archive ?
Available in three trim levels, the DX and LX Accords are powered by a 2.
manufactured Accords has been increased even further to over 80 percent.
More than 11 million Accords have been sold in the U.
Honda is hastily shipping Accords from its plant in Marysville, Ohio.
The cigarette holder, which the company has trademarked as its ``Puff Activated Lighter,'' as well as a battery recharger and a pack of Accords will be sold in starter boxes for $50, according to the company's initial projections.
The V-6 model is about three inches longer in the front than 4-cylinder Accords, has a chrome highlighted grille and features numerous suspension and body updates for improved ride and handling characteristics.
Islamic and leftist Palestinian groups opposed to Yasser Arafat's self-rule accords with Israel joined his supporters Thursday in a ``national dialogue'' conference headed by Arafat to plan strategy for negotiations with the Israelis on a final peace settlement.
Honda Sensing All 2016 Accords can also now be equipped with Honda Sensing(TM), among the most comprehensive suite of advanced safety and driver-assistive technologies in the class.
Because of the comparatively low production volume, the Accord Hybrid is being produced in Honda's Sayama, Japan, factory rather than Marysville, OH, where most of the Accords sold in America are built.
The 17-inch wheels help the appearance, but the car still looks a lot like other Accords.
The paper highlighted the Camp David accords, broke red by Carter, "which brought peace between Israel and Egypt.
KLA leaders have been accused of assassinating moderate Kosovo Albanians, including some of those who agreed to the Rambouillet peace accords.