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KembaraXtra – Legal Terms – Performance of Contract
Performance of contract refers to the carrying out of obligations agreed upon by parties to a contract.
Complete performance by both parties normally discharges the contract entirely.
Contracts may be divisible, where obligations are independent, or entire, where obligations are interdependent.
Modern law recognizes substantial performance, allowing partial recovery despite minor defects.
Performance may also occur through tender of performance or authorized third parties such as subcontractors.
Performance of contract refers to the carrying out of obligations agreed upon by parties to a contract.
Complete performance by both parties normally discharges the contract entirely.
Contracts may be divisible, where obligations are independent, or entire, where obligations are interdependent.
Modern law recognizes substantial performance, allowing partial recovery despite minor defects.
Performance may also occur through tender of performance or authorized third parties such as subcontractors.
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