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Legal Definitions - concord
Definition of concord
The term concord refers to a formal agreement or a harmonious understanding reached between parties, often to settle a dispute or establish a cooperative relationship. In a legal context, it can specifically denote a formal settlement reached in court to resolve a lawsuit.
- International Border Agreement:
After years of diplomatic negotiations, two neighboring countries sign a detailed treaty that precisely defines their shared border, resolves long-standing territorial claims, and establishes protocols for cross-border trade. This treaty represents a concord, as it is an amicable and formal arrangement between nations to settle a dispute and foster cooperation.
- Court-Approved Civil Settlement:
In a complex civil lawsuit involving a construction dispute, the plaintiff and defendant engage in mediation and ultimately agree on a financial settlement and a plan for completing the unfinished work. They present this agreement to the court, which reviews and formally approves it, thereby ending the litigation. This court-sanctioned resolution is an example of a concord, specifically a "final concord," as it is a binding, written agreement that settles the legal action with judicial permission.
Simple Definition
Concord historically referred to an agreement or settlement between parties, often to resolve a dispute. In legal contexts, it specifically encompassed an agreement to compromise a trespass action or an in-court acknowledgment of land ownership. A "final concord" was a formal, court-approved written agreement that settled an action.