What is a satisfaction clause

When there is accord and satisfaction under a contract, the parties to the contract have fulfilled their obligations and the contract has fulfilled its purpose.Chad contracted with you to perform work and yet, because he did not like the result, your contract does not oblige him to pay you.Distinguish between illusory promises and promises with enforceable satisfaction clauses.Under the doctrine, a gift that the maker of the will (the testator) gives during his lifetime to a named beneficiary.A satisfaction clause is a fairly common provision in a variety of contract types.Ademption by satisfaction, also known as satisfaction of legacies, is a common law doctrine that determines the disposition of property under a will when the testator has made lifetime gifts to beneficiaries named in the will.

Satisfaction requirement if any agreement, certificate or other writing, or any action taken or to be taken, is by the terms of this agreement required to be satisfactory to any purchaser, to any holder of notes or to the required holder (s), the determination of such satisfaction shall be made by such purchaser, such holder or the required …What is the customer satisfaction clause 9.1.2?Does this mean that the owner can reject the contractor's work if the owner is subjectively dissatisfied with it?Satisfaction, it is remarkable how often that particular word is chosen for the contract.Publishers, on the other hand, must be fair in their use of the clause against an author.