noun
- The successful fulfillment of a contractual
obligation.
- . May be a promise
of future payment in exchange for a contractual obligationÂ’s being done.
part performance
Partial fulfillment of obligations under a contract.
performance clause
A distinct section or provision of a legal document or piece of
legislation.
specific performance
The requirement of performance of obligations as stated in
the terms of an agreement, according to the exact requirements, on theory that
compensation in damages would be in- adequate to give recipient of the
performance the “benefit of the bargain.” Generally required in situations of
unique services or goods.Â