Performance
Term · Law · MLC-T-LAW-005410
The fulfillment of an obligation or promise as required by a contract. It involves carrying out the acts or duties specified in the agreement according to the agreed-upon terms and conditions. Complete performance discharges the performing party from further contractual liability, while partial or defective performance may constitute a breach.
| Identifier | MLC-T-LAW-005410 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-005410",
"term": "Performance",
"field": "Law",
"definition": "The fulfillment of an obligation or promise as required by a contract. It involves carrying out the acts or duties specified in the agreement according to the agreed-upon terms and conditions. Complete performance discharges the performing party from further contractual liability, while partial or defective performance may constitute a breach.",
"url": "https://mlchart.com/terminology/law/performance/"
}
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