Professional Documents
Culture Documents
Contract Performance,
Breach, and Remedies
© 2004 West Legal Studies in Business
A Division of Thomson Learning 1
Introduction
How does a party know when his or her
obligations under the contract are at an end?
A party may be discharged from a valid
contract by:
A condition occurring or not occurring.
Full performance or material breach by the
other party.
Agreement of the parties.
Operation of law.