When all parties to a contract have fulfilled their requirements, what is this process called?

The process whereby all parties to a contract have fulfilled their requirements is known as performance. In contract law, performance refers to the execution of the contractual duties and obligations as agreed upon by the parties involved. When each party has completed their respective responsibilities, they effectively meet the terms of the contract, and the contract is said to be fully performed. This leads to the successful execution of the agreement, ending the contractual relationship on a satisfactory note for all parties.

Negotiation, on the other hand, refers to the discussions and bargaining that occur before a contract is finalized, where terms are proposed, debated, and modified. Termination involves ending a contract before the obligations are fulfilled, usually due to certain conditions being met that allow one or more parties to exit the contract. Resolution is a broader term that can refer to finding a solution to disputes but does not specifically indicate that contractual obligations have been met. Therefore, performance is the precise term that denotes the fulfillment of all contract terms and obligations.