What is considered the best way to discharge or fulfill a contract?

Performance is considered the best way to discharge or fulfill a contract because it entails the actual completion of the obligations outlined in the agreement by the parties involved. When both parties meet their contractual duties in accordance with the terms specified—whether that involves delivering goods, making payments, or providing services—the contract is executed as intended, and the parties are released from any further obligations.

This method of discharge ensures that the essence of the contract is honored, leading to a satisfied contractual relationship. Performance signifies that the parties have upheld their end of the agreement, allowing them to conclude the contractual relationship effectively.

While other methods like novation, mutual agreement, and termination by party agreement can also end a contract, they typically involve altering the original agreement or ceasing it without fulfilling the original obligations. These methods may not provide the same level of satisfaction or finality as complete performance does, which directly reflects the intent of the contracting parties.