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Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.
A Pierringer release or Pierringer Agreement is a type of settlement agreement. In law, a settlement is a resolution between disputing parties about a legal case that is reached either before or after court action begins. The origin of the case is the Wisconsin tort law case of Pierringer v. Hoger. [1]
A "global settlement" is one employed where suits have been filed or charges brought in multiple jurisdictions and is defined as "a legal agreement that addresses or compromises both civil claims and criminal charges against a corporation or other large entity". [4]
Settlement Agreement filed in referenced action. Source Court Date September 29, 2011 Author Federal District Court, Central District (9th Cir.) Permission
The process of introducing a consent decree begins with negotiation. [5] One of three things happens: a lawsuit is filed and the parties concerned reach an agreement prior to adjudication of the contested issues; a lawsuit is filed and actively contested, and the parties reach an agreement after the court has ruled on some issues; or the parties settle their dispute prior to the filing of a ...
Billionaire Elon Musk appears to have revealed that the Securities and Exchange Commission issued him a "settlement demand," sharing the news in a post on his social media platform, X. Musk on ...
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