Discharge by Agreement

Discharge by agreement occurs when both parties involved in a contract mutually agree to end or cancel the agreement before its natural completion. This usually involves negotiations where both sides consent to terminate their obligations, often through a formal written document or arrangement. It effectively releases each party from any future duties or responsibilities related to the contract, making it null and void. This process helps avoid disputes or the need for enforcement, ensuring that both parties are clear on ending their contractual relationship on agreed terms.