Contract, anticipatory breach of

By:
Updated: Aug 20, 2021

This happens when one party to a contract announces in advance that he does not intend to perform his part. The other party may then sue immediately for anticipatory breach or he may refrain from taking action and wait until the contract date. If he does this he may fail to recover anything if, by that time, the contract has become impossible through the fault of neither party. i.e. has been frustrated.

Reference: The Penguin Business Dictionary, 3rd edt.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.