Discharge of Contract by Agreement

  • Saloni Choudhary
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  • Saloni Choudhary

    Student at NMIMS School of Law, India

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Abstract

When a contract is dismissed, all responsibilities resulting from it are terminated. A contract is terminated when it is discharged. As a result, there are as many distinct types of discharge as there are methods to terminate a contractual commitment. When a contract is made with mutual agreement, it can also be discharged or cancelled through mutual agreement, according to the contract's terms.”The many methods for terminating a contract, as well as the consequences of each, are discussed in this study. It looks at how a contract may be completed by the parties consenting to it, what the grounds are for terminating a contract, what the methods are for terminating a contract, and how a contract can be terminated by agreement.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 5, Issue 4, Page 274 - 282

DOI: https://doij.org/10.10000/IJLMH.113344

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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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