Termination of a Contract

"A "A Mutual Responsibility and a Moral Obligation": The Final Report on Germany's Compensation Programs for Forced Labor and Other Personal InjuriesA contract can come to an end when all the responsibilities and obligations that arose under the contract are no longer required. All rights that may have existed are no longer exist when a contract is discharged (ended). A contract may end by the following

1. Performance- This is the most usual way and there must be complete and exact performance by the parties involved. E.g. A two year work contract between an employer and an employee comes to an end at the end of the two years.

2. Agreement– Both parties agree to end the contract early therefore they are free from any legal obligations. E.g. A premiership player is not scoring enough goals and is under pressure from his fans. He agrees with his clubs decision to release him from his contract


3. Frustration – Due to unforeseen circumstances, it has been deemed impossible to complete the contract. E.g. The planned Michael Jackson concerts planned to go ahead in London could not take place due to the unforeseen death of the artist.
Introduction to the Law of Contracts
4. Breach of Contract – a condition has been broken by one of the parties. E.g. A professional footballer fails to turn up for training and is seen partying instead.