Once a binding accord and satisfaction has been entered into, parties give up their right to have a court decide their liability.

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Accord and satisfaction is a contractual agreement between parties where they agree to settle their dispute by giving or receiving something that is different from what was originally agreed upon. Once the accord and satisfaction is entered into and completed, parties give up their right to have a court decide their liability as the matter has been fully resolved through mutual agreement.

Once a Binding Accord and Satisfaction Has Been Entered Into