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Accord and Satisfaction Agreement
Free accord and satisfaction agreement template — a creditor agrees to accept a lesser payment in full settlement of a disputed debt.
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This free accord and satisfaction agreement covers 1. Background, 2. Accord, 3. Satisfaction, 4. No Admission, 5. Effect with 6 clearly marked [placeholder] fields to fill in — built for individuals and small businesses handling a straightforward legal document themselves needing a clear, professional document without commissioning custom legal drafting for a routine situation. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Accord and Satisfaction Agreement
Creditor: [Name] · Debtor: [Name] · Date: [Date]
1. Background
A genuine dispute exists between the parties regarding [Description of the disputed debt/claim], with Creditor asserting Debtor owes [Amount] and Debtor disputing this amount [or the underlying obligation].
2. Accord
In full and final settlement of this disputed claim, Debtor agrees to pay Creditor [Amount] (the "Settlement Amount"), by [Date/method].
3. Satisfaction
Upon receipt of the Settlement Amount, Creditor accepts it in full and final satisfaction and discharge of the entire disputed claim described above, and releases Debtor from any further liability related to it.
4. No Admission
This Agreement is not an admission of liability or wrongdoing by either party and is entered into solely to resolve the dispute without further cost or delay.
5. Effect
Upon Creditor's receipt of the Settlement Amount, this claim is considered fully resolved and neither party may pursue further action related to it.
Creditor: ______________________ Date: ____________ Debtor: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. For an accord and satisfaction to be legally effective, most jurisdictions require a genuine, good-faith dispute over the amount owed — simply paying less than an undisputed debt and calling it "paid in full" generally does NOT discharge the remaining balance without the creditor's actual agreement.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 5 standard sections: 1. Background, 2. Accord, 3. Satisfaction, 4. No Admission, 5. Effect
- 6 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Before involving a lawyer
A solid starting draft to review with counsel, or to use directly for a low-stakes situation.
FAQ
Is this accord and satisfaction agreement template really free?
Yes. Like every template in docstoc's library, this accord and satisfaction agreement is free to use, with no account or signup needed to view, edit, or download it.
What does this accord and satisfaction agreement cover?
This legal template includes 1. Background, 2. Accord, 3. Satisfaction, 4. No Admission. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. This template reflects common practice, not your jurisdiction's specific requirements. Legal formalities (required language, witness or notarization rules, filing steps) differ by state and sometimes by county — confirm them with a licensed attorney before this document does any real work.
Can I edit the wording?
Yes. All 6 placeholder fields and every clause are editable right on the page — change what doesn't fit, then download an updated PDF anytime.
Where can I find more free templates like this?
Browse more free legal and related document templates in the docstoc library at /document-templates/.
More free document templates
- Mutual Non-Disclosure Agreement (NDA)
- Demand Letter for Unpaid Invoice
- General Power of Attorney
- One-Way (Unilateral) NDA
- Corporate Bylaws
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