Performance: Under Thai law, "performance" refers to the fulfillment of contractual obligations by each party as specified in the contract. Proper performance according to the agreed terms discharges the parties from their contractual duties. Breach: A "breach" occurs when a party fails to perform their obligations as stipulated in the contract. Breaches can be minor or material, affecting the rights of the non-breaching party, who may seek remedies such as damages, specific performance, or contract termination. Termination: "Termination" of a contract in Thai law occurs when the contractual relationship is ended, either by mutual agreement, breach, or other legal grounds. Termination releases the parties from their future obligations under the contract but may still involve liability for damages arising from past breaches.