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Whenever an accord is written between two parties (buyer and seller), all the particulars whether big or small are also taken into contemplation and should bring in writing.

Normally, both parties try to write the following terms after mutual consent on the agreement:

Ø Date of accord

Ø Buying and selling parties

Ø Amount to be paid or received

Ø Due Date: the ultimate (final) date to which agreed amount should be given or receivedØ Witnesses

Any other facts, obligatory for the contract

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