Legal Definitions - future performance

Definition: Future performance refers to the completion of an obligation that will become due under a contract in the future.

For example, if a company signs a contract to deliver a product to a customer in three months, the delivery of the product is considered future performance. The company has an obligation to fulfill the terms of the contract by delivering the product on time.

Future performance is an important aspect of contract law because it ensures that both parties fulfill their obligations. If one party fails to perform in the future, they may be held liable for breach of contract.