Concurrent Performance
/kənˈkʌrənt pərˈfɔːrməns/
Definitions
- (n.) The simultaneous fulfillment of contractual obligations by both parties, typically requiring that each party's performance occur at the same time for the contract to be enforceable.
The contract required concurrent performance, meaning both parties had to deliver their obligations simultaneously.
Forms
- concurrent performance
- concurrent performances
Related terms
See also
Commentary
Concurrent performance clauses clarify timing and obligations, reducing disputes over sequence of performance in contracts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.