What is the legal effect of the debtor's failure to pay the due installment under a settlement agreement concluded between the parties?
Legal Answer
Radiif AI Legal Assistant
⚡ Quick Answer:
The debtor's failure to pay the due installment under a settlement agreement concluded between the parties results in the creditor's immediate entitlement to that installment, and the creditor may claim it judicially.
Legal References & Citations
مجلة الأحكام العدلية، المادة (1556): 'إذا أتم الصلح فليس لواحد من الطرفين فقط الرجوع، ويملك المدعي بالصلح بدله، ولا يبقى له حق في الدعوى، وليس للمدعى عليه أيضاً استرداد بدل الصلح'
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