Definition
Unequivocal repudiation of a contract, before the commencement of its performance. An anticipatory breach gives the aggrieved party an immediate legal right to sue for damages as if it were a fundamental breach of contract, and releases it from its obligations under the contract. Two types of anticipatory breaches are: (1) Express repudiation, a clear refusal by a party to perform a contract. (2) Implied repudiation, an act of a party that puts the performance of a contract out of its own power to perform (such as when a party sells off its tools or other assets required in performance of the contract). Also called anticipatory repudiation.
Related Articles
- Introduction to Taxes and Basic Information *
- Understanding Educational Tax Credits *
- Which High Return Investment Is Right For Your Retirement Savings? *
- Basic Bonds Terminology *
- Understanding Stock Dividends *
- Introduction to the Federal Reserve and its Structure *
- Can Commodities Affect Currency Rates? *
- SEP and SIMPLE Plans *
Related Videos
http://www.businessdictionary.com/definition/anticipatory-breach.html


