Legal Provisions Related with End of Contract :
Discharge of a contract/end of a contract means the termination of the contractual relationship between the parties. A contract is said to be discharged when the rights and obligations created by it come to an end. A contract may be discharged in the following modes :
1. By performance.
2. Discharge by agreement or consent.
3. Discharge by impossibility of performance.
4. Discharge by lapse of time.
5. Discharge by operation of law.
6. Discharge by breach of contract.
Legal Provisions Related with Breach of Contract :
When a contract is broken by one of the party to a contract, the other party can treat the contract as discharged, so that he is absolved of the performance of his part of the promise.
When there is breach of contract, the injured party who is not involved in breach has one or more of the following remedies :
1. Recision of the contract
2. Suit for damages
3. Suit upon quantum meruit
4. Suit for specific performance of the contract
5. Suit for injunction.
