A valid enforceable contract is an agreement between two or more parties that is legally binding and enforceable in court. It outlines the obligations and responsibilities of each party and provides a framework for resolving disputes that may arise during the course of the agreement. However, there are circumstances under which a valid enforceable contract may be discharged or terminated.

One of the most common ways in which a contract may be discharged is through performance. When all parties have fulfilled their obligations under the contract, the agreement is considered to have been performed and is discharged. For example, if you hire a contractor to build a deck on your property, and they complete the work according to the agreed-upon specifications, the contract is discharged.

Another way in which a contract may be discharged is through mutual agreement. If all parties to the contract agree to terminate the agreement, it can be discharged. For example, if you and your business partner agree to dissolve your partnership, the partnership agreement will be discharged.

A contract may also be discharged due to a breach of contract. If one party fails to fulfill their obligations under the contract, the other party may have the right to terminate the agreement. For example, if you hire a contractor to build a deck on your property, but they fail to complete the work within the agreed-upon timeframe, you may have the right to terminate the contract.

Another circumstance under which a contract may be discharged is frustration of purpose. This occurs when the performance of the contract becomes impossible due to unforeseen events that are beyond the control of the parties. For example, if you hire a band to play at your wedding, but your wedding venue is destroyed by a natural disaster, the contract may be discharged due to frustration of purpose.

Finally, a contract may be discharged due to impossibility of performance. This occurs when it becomes impossible for one party to fulfill their obligations under the contract due to circumstances beyond their control. For example, if you hire a contractor to build a deck on your property, but the property is destroyed before the work can be completed, the contract may be discharged due to impossibility of performance.

In conclusion, there are several circumstances under which a valid enforceable contract may be discharged. These include performance, mutual agreement, breach of contract, frustration of purpose, and impossibility of performance. Understanding these circumstances can help parties to a contract anticipate potential issues and take steps to protect their interests. As always, it is important to consult with a legal professional if you have any questions or concerns about the enforceability of a contract.