Discharge of Contract
/dɪsˈtʃɑːrdʒ əv ˈkɒntrækt/
Definitions
- (n.) The termination of contractual obligations by performance, agreement, breach, or other legal means.
The discharge of contract occurred when both parties fulfilled their respective duties.
- (n.) The release of a party from liability or claims under a contract.
Upon discharge of contract, the buyer was no longer obligated to pay the remaining balance.
Forms
- discharges of contract
Related terms
See also
Commentary
Discharge of contract can be voluntary or involuntary; precise terms should clarify which mode applies.
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.