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anticipatory breach |
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anticipatory breach An affirmative statement or action indicating that a party has no intention of honoring his or her contractual commitments.This is important because one cannot ordinarily bring a lawsuit until there has been an actual breach of a contract.For tactical or other reasons, it may be important to avoid delays.If there has been an anticipatory breach, the aggrieved party may bring suit immediately. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Furthermore RIGS sent a letter informing PNC that its actions constituted an anticipatory repudiation of the merger agreement between the two entities and that RIGS is now entitled to discuss merger combinations with other interested parties. Riggs today has sent a letter informing PNC that its actions constituted an anticipatory repudiation of the Merger Agreement and that Riggs is now entitled to discuss merger combinations with other interested parties. The complaint alleges breach of a contract and of the duty to deal fairly and lack of good faith, anticipatory repudiation of a contract, negligent misrepresentation and unfair competition. |
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