Anticipatory Repudiation

Anticipatory repudiation, also called an anticipatory breach, is a term in the law of contracts that describes a declaration by the promising party to a contract, that he or she does not intend to live up to his or her obligations under the contract.

Read more about Anticipatory Repudiation:  Repudiation and Retraction, Measuring Damages

Famous quotes containing the word repudiation:

    Not until the advent of Impressionism does the repudiation of principles set in which opened the way for the burlesque parade of the fashionable and publicity-crazed modernities of our century.
    Johan Huizinga (1872–1945)