Discharge of agreement and its effect on arbitration clause

FCS Deepak Pratap Singh | Last updated: 25 April 2022

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A contract is discharged when the rights and obligations of the parties come to an end. This can happen through various methods, including performance, mutual agreement, impossibility of performance, lapse of time, operation of law, or breach of contract. The discharge of a contract, particularly through methods like 'accord and satisfaction' or the execution of a final discharge voucher, can significantly affect whether subsequent disputes are subject to arbitration.

As you are aware that discharge of contract by performance refers to fulfilment of the contract by performance of all the obligations in terms of the original contract, discharge by "accord and satisfaction" refers to the contract being discharged by reason of performance of certain substituted obli

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About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, MyselfFCSDeepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP, ID) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Independent Director ,Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited I ... Read more

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