If a contract is affirmed, what is the likely consequence for issues that arose during performance?

Affirming a contract means that the parties acknowledge, accept, and continue to remain bound by the terms of that contract, despite any issues that may have arisen during its performance. By affirming the contract, the parties indicate their intention to honor their obligations and proceed with the agreement.

In such cases, the issues that emerged during performance do not negate the contract or bar further execution of its terms. Instead, those issues may simply be part of the broader negotiation and lifecycle of the contract. The parties can choose to address these issues through communication, modification of terms, or other means while still executing their obligations under the affirmed contract. Thus, future performance can continue as originally planned without being impeded by past problems, assuming that both parties agree on how to move forward.

It's important to recognize that the other options present scenarios that misinterpret the implications of affirming a contract. For example, taking a matter to court implies a dispute has escalated beyond resolution, which is contrary to the act of affirming. Disregarding issues entirely fails to acknowledge that they exist and could need attention, while penalties would typically arise from a failure to perform, rather than from affirming an agreement where both parties continue to uphold their commitments.