MODES OF DISCHARGE OF CONTRACT UNDER THE INDIAN CONTRACT ACT, 1872

Abstract

Contract settlement means the termination of a mutual arrangement between the parties. When it ceases to work, a contract is said to be discharged, i.e. when the rights & duties generated by it come to an end. It means the end of the parties' mutual arrangement. When the assets and duties stemming from a contract are extinguished, it is said that the contracts are discharged. A bond can either be discharged by the actions of the law enforcement parties. The actions of the parties may take various forms, such as success, consent, infringement, etc. Although the rule entails death, insolvency, etc. For one or more of the parties concerned, a contract imposes such obligations. When these commitments come to an end, the release of a contract arises. There are several methods of discharging a deal.