Answer:
1. Fulfillment of the contractual obligations by both parties.
2. Deliberate breach of contractual terms.
3. Prior written agreement to terminate the contract at a certain time.
4.When the contractual obligations are impossible to perform by a party
5. When a party discovers fraudulent activities or deceit within the contract.
Step-by-step explanation:
1. The first way that a contractual obligation can come to an end is once they have been fulfilled by both parties. Once this happens, both parties are free from the contract and no longer owe each other any other obligation.
2. Once a party begins to break the terms of the contractual agreement, this can be seen as a breach of contract. Once this happens, the other party is no longer obliged to fulfill his/her own obligations within the contract.
3. Some contracts have a written agreement that describes situations in which the contract would be terminated automatically. This could be during pre-agreed conditions such as a global economic melt-down or a pandemic. Once these conditions are present, both parties can now be free of contractual obligations.
4. Once it is noticed that the obligations are actually impossible to perform, a party will definitely have to terminate the contract.
5. Once fraudulent activities are discovered within the terms of a contract by any party, the party is free to rescind the contract at any time. This could be lies, misinformation, and other misrepresentations of items within the contract.