David Adelstein | Florida Construction Legal Updates A federal government contractor in Jackson Construction Co., Inc. v. U.S., 62 Fed.Cl. 84 (Fed.Cl. 2024) sought delay damages against the government. It lost. The reason for the loss is a crucial reminder that documents parties sign ALWAYS matter. ALWAYS!! In Jackson Construction Co., the contractor’s delay claim was premised… Continue reading There are Consequences to Executed Documents such as the Accord and Satisfaction Defense
Tag: Accord and Satisfaction
Accord and Satisfaction: To Release, or Not Release? That is the Question.
Ronald Espinal | Bradley Arant Boult Cummings Generally, an “accord and satisfaction” is an agreement between two or more contracting parties to accept an alternate agreement and performance in lieu of a preexisting contractual duty between the parties. The new agreement is the “accord,” and the subsequent performance of the new agreement is the “satisfaction.” … Continue reading Accord and Satisfaction: To Release, or Not Release? That is the Question.