What is PERFORMANCE OF CONTRACT?

Execution of the terms of a contract after which the involved parties are discharged from their duties, as listed within the contract. A payment is usually made after the performance of the contract.

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Related Legal Terms

PARTIAL PERFORMANCE, PERFORMANCE ANALYSIS, BREACH OF CONTRACT, CLOSED CONTRACT, OPEN CONTRACT, SUBSTANTIAL PERFORMANCE, CONTRACT PROCEDURES, DEFECTIVE PERFORMANCE, PERFORMANCE MANAGEMENT, PERFORMANCE


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