Discharge of contract refers to the release of parties from further performance of their contractual obligations. Once a contract is discharged, the legal relationship created by the agreement comes to an end and neither party can insist on future performance unless a new contract is formed.
Under Ghanaian contract law, a contract may be discharged in four main ways:
By agreement
By performance
By breach
By frustration
This topic focuses on discharge by agreement, which arises where the parties voluntarily agree to bring their contract to an end.