Performance of Contract

Performance of a contract refers to fulfilling the obligations agreed upon by the parties involved. This means doing what each party promised to do, such as delivering goods, providing services, or making payments. When both parties complete their responsibilities as outlined in the contract, the contract is considered performed. If one party fails to meet their obligation, it can lead to a breach of contract, which may result in legal consequences. In essence, performance is about ensuring both sides uphold their end of the deal, thereby discharging their responsibilities under the contract.