Discharge of contract refers to the termination of contractual obligations, either through performance, agreement, frustration, or breach. It signifies that parties are no longer bound by the contract terms, releasing them from further duties or liabilities under the agreement.

Discharge Of Contract

Termination of contractual obligations

Performance refers to the execution of a task or function and the level of success achieved in doing so, often measured against predefined standards or objectives. It is a multifaceted concept encompassing efficiency, effectiveness, and productivity across various domains, including individual, organizational, and technological contexts.

Performance

An agreement is a mutual understanding or arrangement between two or more parties, typically documented in a contract or verbal commitment. It is fundamental in establishing clear expectations, responsibilities, and rights, thereby reducing potential conflicts and fostering cooperation.

Agreement

Frustration is an emotional response to obstacles that prevent an individual from achieving their goals, often leading to feelings of anger, anxiety, or helplessness. It can serve as a motivator for problem-solving and adaptation, but prolonged frustration may result in stress and decreased well-being.

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