Performance and Discharge of Contracts
Completing Contractual Duties
Contract obligations generally end when the parties perform their promises or when legal events discharge further performance.
- Complete performance.
- Substantial performance.
- Material breach.
- Agreement of the parties.
- Impossibility.
- Operation of law.
Note
Substantial performance may satisfy contractual obligations even if minor defects exist.
Summary
Contracts terminate through performance, breach, or recognized legal discharge.