LAW RELATING TO COMPROMISE AND SETTLEMENT

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As per Termes de la Ley, “compromise is a mutual promise of two or more parties that are at controversy”. As per Bouvier it is “an agreement between two or more persons, who, to avoid a law suit, amicably settle their differences, on such terms as they can agree upon. ”

The word “compromise” implies some element of accommodation on each side. It is not apt to describe total surrender. A compromise is always bilateral and means mutual adjustment.

The word “compromise” denotes an agreement between the parties to a dispute to settle it out of court. The Dictionary meaning of the word is a settlement of differences by mutual concession. Thus it is the mutual act of the parties to the suit to settle the dispute between them concerned in the suit by agreement.

 

 

Category: Product ID: 3869

Description

Author: Namrata Shukla

Publisher: Kamal Publishers

 

Paperback

 

Print

9789385444197

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