Legal Definitions - discharged contract

A discharged contract is a type of contract that is no longer enforceable or recognizable at law. It is also known as a void contract.

A contract is an agreement between two or more parties that creates obligations that are legally binding. It can be in the form of a written document or a verbal agreement.

For example, if you hire a contractor to build a deck in your backyard, you and the contractor will enter into a contract. The contract will outline the terms of the agreement, such as the price, timeline, and materials to be used. Once the deck is built and you have paid the contractor, the contract is considered discharged because all obligations have been fulfilled.

Another example of a discharged contract is when a lease agreement ends. Once the lease term is over and all obligations have been fulfilled, the contract is discharged.

In summary, a discharged contract is a contract that is no longer enforceable because all obligations have been fulfilled.