What is the term for a contract that is completed when all parties fulfill their obligations satisfactorily?

The term for a contract that is completed when all parties fulfill their obligations satisfactorily is referred to as "discharged by complete performance." This occurs when the parties involved in the contract have met all of the terms and conditions outlined in the agreement, resulting in the contract's obligations being fully satisfied.

In this scenario, both parties have done precisely what was required of them according to the contractual terms, which leads to the termination of the contract and the fulfillment of its intentions without any disputes or issues left unresolved. In legal terms, this establishes that there is nothing further left to perform, which effectively concludes the contractual relationship.

The other terms presented relate to different aspects of contract law. For instance, "discharged by substantial performance" refers to situations where one party has nearly completed their duties, allowing them to receive compensation even if minor aspects are lacking. "A material breach of contract" implies that one party has failed to fulfill a significant obligation, which can lead to the other party seeking damages or termination of the contract. "Only discharged as to one party" suggests that the obligations of the contract have been satisfied for only one party, leaving the other party still bound by the contract. Each of these terms reflects different outcomes in contractual relationships, but none