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LSDefine

Simple English definitions for legal terms

satisfaction contract

Read a random definition: ficta traditio

A quick definition of satisfaction contract:

A satisfaction contract is an agreement between two or more people that creates obligations that can be enforced by law. It can be a written document or just a verbal agreement. A contract is like a promise that if one person does something, the other person will do something in return. If someone breaks the contract, there can be consequences. It's important to understand that a contract is not just the written document, but also the legal obligations and responsibilities that come with it.

A more thorough explanation:

A satisfaction contract is a type of contract that creates obligations between two or more parties that are legally enforceable. It is a written agreement that sets forth the terms and conditions of the agreement.

For example, if a homeowner hires a contractor to remodel their kitchen, they may enter into a satisfaction contract that specifies the work to be done, the timeline for completion, and the payment terms. The contract may also include a provision that the homeowner will only pay the contractor if they are satisfied with the work.

This type of contract is often used in the construction industry, where the quality of the work is subjective and difficult to measure objectively. It allows the parties to agree on a standard of performance and provides a mechanism for resolving disputes if the work does not meet that standard.

satisdatio | satisfaction of debt

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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