When two parties enter into a contract, they are bound by certain terms and conditions. However, there are situations where the contract may be discharged or terminated. Here are some of the various types of discharge of contract:

1. Performance: This is the most common way a contract is discharged. When both parties fulfill their obligations under the contract, it is considered discharged.

2. Breach: When one party fails to fulfill their obligations under the contract, the other party may terminate the contract due to breach. This can happen due to non-performance, delay, or defective performance.

3. Agreement: The parties to a contract may agree to discharge the contract by mutual consent. This can happen when both parties feel that the contract is no longer beneficial or necessary.

4. Frustration: When unforeseen circumstances arise that make it impossible to fulfill the contract, the contract may be discharged due to frustration. Examples of such circumstances include natural disasters, war, or government intervention.

5. Impossibility: When performance of the contract becomes impossible due to events beyond the control of either party, the contract may be discharged due to impossibility. Examples of such events include death or incapacity of a party, destruction of the subject matter of the contract, or changes in the law.

6. Rescission: When one party rescinds the contract due to misrepresentation or duress, the contract is discharged. Rescission is an equitable remedy that restores the parties to their original position before the contract was entered into.

Understanding the various types of discharge of contract is crucial in ensuring that your legal obligations are met. As a business owner or individual, it is important to have a good understanding of contract law and seek legal advice in case of any doubts or disputes that may arise.