Mickey and Rourke want to voluntarily terminate their contract by agreement.How can they do so?

Question

Quizplus · Accepted Answer

The parties can mutually agree to either replace the existing agreement with a new agreement in different terms or release each other from their contractual obligations. This would require the agreement of both parties to the termination of the contract. It is not true that a contract can only be terminated by performance, breach or frustration, as parties can terminate by mutual agreement as well.

Mickey and Rourke Want to Voluntarily Terminate Their Contract by Agreement.How