This document discusses various ways in which a contract can be discharged or terminated, including: 1) By performance of contractual obligations. 2) By impossibility of performance, such as destruction of the subject matter. 3) By subsequent agreement through novation, remission, rescission, or accord and satisfaction. 4) By breach of contract, which can be actual or anticipatory. 5) By lapse of time if a creditor fails to file a lawsuit within the statute of limitations period. 6) By operation of law due to events such as insolvency, death, merger, or a court judgment.