ABSTRACT

There are four ways in which a contract may come to an end: (1) performance; (2) agreement; (3) discharge by breach; and (4) frustration. Discharge by frustration was dealt with in Chapter 11.

The most obvious way in which a contract may come to an end is by being performed. Under this rule, performance must exactly match what has been agreed. Once both of the parties to a contract have completely performed all their contractual obligations, the contract will be discharged and neither party will have any remaining liability under the contract.