Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Welcome to our legal community! Click here or the create new topic button to ask a question and receive answers and comments from our friendly and helpful legal community.
Articles that answer frequent legal questions are in our Law Guide. Important legal news is reported in The Law JournalYou can find a lawyer near you in the Lawyer Directory. If you know that you need to hire an attorney, you can submit a case review from a lawyer.
In a case where a lesser amount is agreed upon by all parties than the stated contract amount, what is the legal term for this agreement.
To add to army judge's excellent explanation is the legal term "novation" which might also be relevant. In essence, it refers to legally replacing a first agreement with a second agreement. Thus you can think of this as a "full release" of the first agreement which is now replaced by the second agreement, which could be for less money or other terms. Thanks for also helping me clear out the cobwebs!