A Review on Impact of Breach and Exemption Clauses Discharge

Exploring the termination and release of contractual obligations

Abstract

Discharge of a contract happens when the parties have not completely performed their contractual obligations or when happenings, behavior of the parties or procedure of law releases the parties from performance. Some categories of transaction involve a primary stage in which one party request the other to make an offer which is so-called Invitation to treat that comprising general obligations. The most usual way to terminate or to discharge a contract, one’s contractual duties is by the performance of those duties. The duties to perform under a contract may be conditioned on the occurrence or non-occurrence of a certain event, or the duty may be absolute contract also can be discharged in various other ways, containing discharge by contract of the parties and discharge by procedure of law.