Performance Legal Meaning and Definition

Here is a simplified definition of the legal term Performance.

Performance (noun)

1. In a legal context, it refers to the act of completing a task or fulfilling an obligation, especially according to the terms of a contract or court order. Examples of performance include paying a debt, delivering goods, or performing a service as agreed upon.

2. Types of performance include:

• Part Performance: Occurs when the fulfillment of a contract is only partially completed, not fully.

• Specific Performance: When the court compels the performance of a certain act according to the contract terms because monetary compensation for breaches or damages would not be adequate.