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anticipatory breach

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Anticipatory Breach
In contracts, a declaration in which one party stops performing his/her obligations. The Uniform Commercial Code specifies how one may calculate damages in a lawsuit resulting from an anticipatory breach.

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.



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Lawyers for the heirs moved to dismiss the lawsuit on grounds that the claims cited by the Academy -- anticipatory breach of contract and breach of equitable servitude -- applies to land and not to personal items like statuettes.
They may be deprived of their right to sue for damages where a subsequent event renders contractual performance impossible between the date of accepting the anticipatory breach and the date fixed for performance under the contract.
The evidentiary exclusion also will not apply if the cause of action is being brought on the basis of anticipatory breach or repudiation[14] of a contract against the party making the year 2000 readiness disclosure.
 
 
 
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