Are you looking for the discharge of contract definition in Hindi? If yes, then you have landed on the right page. In this article, we will explain what discharge of contract means in Hindi and how it applies to contracts in India.
Discharge of Contract Meaning in Hindi:
Discharge of contract in Hindi is known as „अनुबंध के मुक्त हो जाना“ which means to free the parties from the performance of their contractual obligations. It is a process by which the obligations of a contract come to an end. In other words, the contract is terminated when the performance of all the obligations under the contract is completed or when there is a breach of the contract by one of the parties.
Different Types of Discharge of Contracts:
There are various ways in which a contract can be discharged. Let`s take a look at some of the common ways to discharge a contract:
1. Discharge by Performance: A contract can be discharged when both the parties have fulfilled their contractual obligations. For example, if you hire a contractor to build a house and the contractor completes the work as per the agreed terms, then the contract is discharged by performance.
2. Discharge by Agreement: A contract can also be discharged by mutual agreement between the parties. For example, if both the parties agree to terminate the contract due to unforeseen circumstances, then the contract is discharged by agreement.
3. Discharge by Breach: A contract can be discharged when one of the parties breaches the contract. For example, if the contractor fails to complete the work as per the agreed terms, then the owner can terminate the contract due to the breach.
4. Discharge by Frustration: A contract can be discharged when the performance of the contract becomes impossible due to unforeseen circumstances. For example, if a concert is canceled due to bad weather, then the contract is discharged by frustration.
Conclusion:
Discharge of contract is an important concept in contract law. It helps to understand the various ways in which a contract can come to an end. In India, there are different laws that govern the discharge of contracts such as the Indian Contract Act, 1872. It is important to understand the legal implications of discharging a contract before entering into any agreement.