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ratelena [41]
3 years ago
11

Oren and pat are parties to a contract for the management of oren's residential rental properties. a dispute arises between them

over the obligations due under the contract. they negotiate a compromise and form a different agreement to substitute for the original one. this settlement agreement does not require
Business
1 answer:
Vanyuwa [196]3 years ago
4 0
A compromise, or settlement agreement, that arises out of a genuine dispute over the obligations under an existing contract will be recognized at law. The agreement will be substituted as a new contract when there is <span>the agreement by the parties to the new contract </span>and will either expressly revoke and discharge the obligations under the prior contract.  It does not require the intervention of the law.  
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