Company A sues its IT hardware provider and IT software provider for breach of their contracts because the IT system they provided doesn't function as promised. The hardware provider blames the software, and the software provider blames the hardware. After protracted litigation and following a mediation session, the parties compromise and reach a preliminary settlement agreement specifying who will pay how much to Company A to settle and end the case. Company A changes its mind and refuses to settle and proceeds with the litigation. Company A should be able to do this because the preliminary settlement agreement lacks consideration.

Group of answer choices

True

False