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Home > What is a Contract? > Contract Completion / Discharge of obligations

Contract Completion / Discharge of Obligations / Frustrated

When both parties have performed their obligations under the Contract, the Contract is said to be discharged or completed.

A Contract can also be discharged by mutual agreement to terminate the Contract or in case of a default by one of the parties.

A Contract is said to have become frustrated when the objectives of a Contract can no longer be achieved due to a fundamental change in circumstances such as statutory interference. In such events, a claim for Work/Services executed can be made for the performance actually undertaken (quantum meruit).

 

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