Contract Discharge
/ˈkɒntrækt dɪsˈtʃɑːrdʒ/
Definitions
- (n.) The legal termination of contractual obligations, releasing parties from further duties under the contract.
The contract discharge occurred when both parties fulfilled all terms satisfactorily.
- (n.) The ending of a contract by mutual agreement, performance, breach, or operation of law.
Discharge of the contract was effected by mutual consent of the parties.
Forms
- contract discharges
Related terms
See also
Commentary
Contract discharge typically follows full performance, agreement, or legal excuse; clear drafting should specify conditions and methods of discharge to avoid disputes.
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.