What is a discharge of contract?

A discharge of contract is a legal term that describes when a legally binding agreement that was formed between two or more parties is no longer in effect. It is a way for one of the parties involved in the agreement to end the contractual relationship. This can be done for a variety of reasons, including the completion of the contract requirements, a breach of the contract, or mutual agreement between the parties. In the state of Arizona, if one party breaches their end of the contract, the other party may file a lawsuit and seek a discharge of the contract. This means that the court will order the breaching party to pay financial or other remedies to the aggrieved party. The aggrieved party is then released from any further obligation to perform their contractual duties. In addition to a breach of contract, a discharge of contract can also occur if both parties agree to end the contract. This is known as a mutual discharge of contract. In this case, the parties agree to end the contract and they both have their contractual rights and obligations discharged. In short, a discharge of contract is a legal term that refers to the canceling of a contract due to a breach of contract or a mutual agreement between the parties. This can occur in the state of Arizona, and the aggrieved party may be able to receive financial compensation for the damages that they suffered from the breach.

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