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Meaning of performance

‘Performance of contract’ means fulfillment of the obligations by the parties. The parties who make the contract must fulfill their obligations according to the terms laid down in the contract. Performance of contract is one of the methods to discharge a contract. After the contract is discharged the parties do not have any further rights and liabilities against each other.
According to Sec. 37 “the parties to a contract must either perform or offer to perform, their respective promises unless such performance is dispensed with or excused under the provisions of contract Act, or of any other law”.

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